Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Wednesday, June 9th, Wall Street Journal reports. Stockholders of record on Monday, June 21st will be given a dividend of 0.44 per share by the industrial products company on Thursday, July 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 18th.
Greif has increased its dividend by 4.8% over the last three years and has raised its dividend every year for the last 1 years.
Shares of GEF opened at $61.92 on Friday. Greif has a fifty-two week low of $31.14 and a fifty-two week high of $66.03. The business’s 50 day simple moving average is $61.08. The stock has a market cap of $3.01 billion, a P/E ratio of 36.86, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.02 and a current ratio of 1.36.
In other Greif news, VP Gary R. Martz sold 514 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $61.55, for a total transaction of $31,636.70. Following the completion of the transaction, the vice president now owns 8,100 shares in the company, valued at approximately $498,555. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gary R. Martz acquired 7,000 shares of the business’s stock in a transaction on Tuesday, April 6th. The shares were purchased at an average price of $59.18 per share, with a total value of $414,260.00. Following the transaction, the vice president now owns 70,260 shares in the company, valued at approximately $4,157,986.80. The disclosure for this purchase can be found here. 13.73% of the stock is owned by corporate insiders.
Several research analysts have commented on GEF shares. KeyCorp boosted their price target on shares of Greif from $40.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, April 5th. BMO Capital Markets boosted their price target on shares of Greif from $53.00 to $64.00 in a report on Wednesday, March 17th. Wells Fargo & Company upped their target price on shares of Greif from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 20th. Finally, Zacks Investment Research cut shares of Greif from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Monday, May 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.40.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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