Greif, Inc. (NYSE:GEF) Shares Set to Pay Quarterly Dividend of $0.62

Greif, Inc. (NYSE:GEF) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 17th will be given a dividend of $0.62 per share by the industrial products company on Friday, January 1st. This represents a $2.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, December 17th.

Greif has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Greif to earn $4.80 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 51.7%.

Greif Stock Down 1.6%

NYSE:GEF opened at $81.47 on Wednesday. Greif has a 52 week low of $55.90 and a 52 week high of $90.57. The stock’s fifty day moving average is $82.44 and its two-hundred day moving average is $74.64. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 0.63 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.29). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. Research analysts anticipate that Greif will post 4.32 EPS for the current year.

About Greif

Greif, Inc is a global producer of industrial and paper packaging products and related services. The company manufactures and supplies fiber, steel and plastic drums; intermediate bulk containers; containerboard; corrugated sheets and products; and other packaging solutions for customers in a range of industries.

Greif also provides packaging lifecycle services, including container reconditioning, recycling, logistics and related customer support. Its products are used to package and transport food and beverage ingredients, chemicals, petroleum products, agricultural materials, pharmaceuticals and other industrial goods.

Founded in 1877 as a cooperage business, Greif has expanded into a multinational packaging company serving customers across North America, Europe and other international markets.