Greif, Inc. (NYSE:GEF) Declares Dividend Increase – $0.62 Per Share

Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, June 17th will be given 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 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 raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Greif has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.8%

GEF stock traded up $1.13 during trading on Tuesday, reaching $63.53. 206,272 shares of the stock traded hands, compared to its average volume of 218,397. The business’s 50 day moving average price is $66.26 and its 200-day moving average price is $68.29. Greif has a 52-week low of $54.67 and a 52-week high of $77.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00. The firm has a market capitalization of $2.93 billion, a PE ratio of 24.34, a P/E/G ratio of 0.65 and a beta of 0.80.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) 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 analysts’ expectations of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. Greif’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. As a group, sell-side analysts forecast that Greif will post 3.87 earnings per share for the current year.

Greif Company Profile

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.