Greif, Inc. (NYSE:GEF.B) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.65 per share by the industrial products company on Wednesday, January 1st. This represents a $2.60 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Tuesday, December 17th.
Shares of NYSE:GEF.B traded up $0.22 during trading on Wednesday, hitting $52.83. 25,271 shares of the company were exchanged, compared to its average volume of 12,061. The stock has a market capitalization of $2.61 billion, a P/E ratio of 14.26 and a beta of 1.15. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.60 and a quick ratio of 1.11. Greif has a 12-month low of $36.70 and a 12-month high of $55.48. The firm’s 50 day moving average price is $49.54 and its 200-day moving average price is $44.93.
Separately, TheStreet raised shares of Greif from a “c+” rating to a “b-” rating in a report on Tuesday, November 19th.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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