Greif, Inc. to Issue Quarterly Dividend of $0.56 (NYSE:GEF)

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.56 per share by the industrial products company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, March 16th.

Greif has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Greif has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Greif to earn $5.22 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 42.9%.

Greif Stock Performance

Shares of GEF remained flat at $74.64 during mid-day trading on Tuesday. 7,410 shares of the company’s stock were exchanged, compared to its average volume of 216,594. The business’s 50 day moving average price is $71.87 and its two-hundred day moving average price is $65.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. Greif has a fifty-two week low of $48.23 and a fifty-two week high of $77.14.

Greif (NYSE:GEF) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a net margin of 7.52% and a return on equity of 8.46%. The firm had revenue of $994.80 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.39 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Greif will post 4.11 EPS for the current fiscal 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.