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

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

Greif has increased its dividend by an average of 0.0%per year over the last three years and has increased 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. 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 Price Performance

GEF remained flat at $74.64 on Tuesday. 7,410 shares of the company’s stock traded hands, compared to its average volume of 216,594. The business has a 50-day simple moving average of $71.87 and a two-hundred day simple moving average of $65.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.23 and a quick ratio of 0.93. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 0.57 and a beta of 0.96. Greif has a twelve month low of $48.23 and a twelve month high of $77.14.

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