Greif, Inc. (GEF) to Issue Quarterly Dividend of $0.62 on July 1st

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Tuesday, June 2nd. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.62 per share by the industrial products company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, June 17th. This is a 10.7% increase from Greif’s previous quarterly dividend of $0.56.

Greif has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Greif has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Greif to earn $4.59 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 48.8%.

Greif Price Performance

Shares of NYSE GEF opened at $63.21 on Thursday. The firm has a market cap of $2.92 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 0.65 and a beta of 0.80. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. Greif has a 1-year low of $55.02 and a 1-year high of $77.14. The business’s 50 day moving average is $66.25 and its 200-day moving average is $68.33.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Greif had a return on equity of 7.50% and a net margin of 7.27%.Greif’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Equities research analysts predict that Greif will post 3.87 earnings per share for the current year.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.