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

Greif, Inc. (NYSE:GEF-B) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Investors of record on Monday, December 16th will be paid a dividend of 0.54 per share on Wednesday, January 1st. This represents a $2.16 dividend on an annualized basis and a yield of 2.86%.

Greif has raised its dividend by an average of 5.1% annually over the last three years. Greif has a dividend payout ratio of 67.1% meaning its dividend is sufficiently covered by earnings.

Greif Price Performance

Shares of GEF-B stock opened at $75.53 on Thursday. The business’s 50-day simple moving average is $70.62 and its 200 day simple moving average is $67.05.

Greif Company Profile

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.