Greif, Inc. (GEF) to Issue Quarterly Dividend of $0.62 on July 1st

Greif, Inc. (NYSE:GEFGet Free Report) declared a quarterly dividend on Tuesday, June 2nd. Investors of record on Wednesday, June 17th will be given a dividend of 0.62 per share by the industrial products company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, June 17th. This is a 10.7% increase from Greif’s previous quarterly dividend of $0.56.

Greif has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Greif has a payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Greif to earn $4.59 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 54.0%.

Greif Stock Up 0.0%

GEF stock opened at $68.41 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.16 billion, a PE ratio of 26.21, a PEG ratio of 0.71 and a beta of 0.80. Greif has a 1-year low of $55.75 and a 1-year high of $77.14. The business’s 50 day simple moving average is $66.04 and its 200 day simple moving average is $68.52.

Greif (NYSE:GEFGet Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). Greif had a return on equity of 7.50% and a net margin of 7.27%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, research analysts anticipate that Greif will post 3.87 EPS for the current year.

Insider Activity

In other news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $65.26, for a total transaction of $130,520.00. Following the sale, the senior vice president directly owned 65,832 shares of the company’s stock, valued at approximately $4,296,196.32. This represents a 2.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,000 shares of company stock worth $406,680. Corporate insiders own 7.70% of the company’s stock.

Institutional Trading of Greif

Several large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its holdings in shares of Greif by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after purchasing an additional 3,793 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Greif by 10.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after purchasing an additional 79,813 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Greif by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock worth $38,408,000 after purchasing an additional 1,455 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Greif by 75.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after purchasing an additional 225,659 shares in the last quarter. Finally, Medina Value Partners LLC grew its holdings in shares of Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock worth $22,246,000 after purchasing an additional 60,338 shares in the last quarter. 45.74% of the stock is owned by institutional investors and hedge funds.

About Greif

(Get Free Report)

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.

See Also

Dividend History for Greif (NYSE:GEF)

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