Greif, Inc. (NYSE:GEF-B) Announces $0.54 Quarterly Dividend

Greif, Inc. (NYSE:GEF-B) declared a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.54 per share on Tuesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.51%.

Greif has increased its dividend by an average of 5.6% annually over the last three years. Greif has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings.

Greif Price Performance

Shares of NYSE GEF-B traded down $1.20 during mid-day trading on Monday, reaching $61.60. 9,473 shares of the company were exchanged. The business has a 50-day simple moving average of $65.23 and a 200-day simple moving average of $67.79.

About Greif

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.