Greif (NYSE:GEF.B) Sees Strong Trading Volume – What’s Next?

Greif, Inc. (NYSE:GEF.B) saw unusually-strong trading volume on Tuesday . Approximately 10,448 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 10,736 shares.The stock last traded at $59.41 and had previously closed at $60.25.

Greif Price Performance

The company has a market cap of $2.77 billion, a price-to-earnings ratio of 11.45 and a beta of 0.78. The company’s 50-day simple moving average is $57.84 and its 200-day simple moving average is $62.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13.

Greif (NYSE:GEF.B) last released its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter. Greif had a net margin of 4.81% and a return on equity of 11.84%.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, June 17th. Greif’s payout ratio is 90.76%.

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.