Greif, Inc. Plans Quarterly Dividend of $0.62 (NYSE:GEF)

Key Points

• Greif declared a quarterly dividend of $0.62 per share, payable October 1 to shareholders of record on September 17. The dividend implies an annualized payout of $2.48 and a yield of approximately 2.9%.
• The dividend appears supported by earnings, with a current payout ratio of 45.7% and an expected future payout ratio of 53.3%. Greif has increased its dividend for four consecutive years.
• Greif’s latest quarterly results exceeded expectations, with EPS of $1.61 versus the $1.11 consensus and revenue of $1.17 billion. However, insiders sold nearly 99,000 shares worth $8.6 million over the past three months.

Greif, Inc. (NYSE:GEF - Get Free Report) announced a quarterly dividend on Tuesday, August 25th. Stockholders of record on Thursday, September 17th will be given a dividend of 0.62 per share by the industrial products company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, September 17th.

Greif has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Greif has a payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Greif to earn $4.65 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 53.3%.

Greif Stock Down 1.7%

Greif stock opened at $84.56 on Wednesday. The stock's 50 day moving average price is $79.45 and its 200 day moving average price is $72.08. Greif has a 1-year low of $55.75 and a 1-year high of $90.57. The company has a market cap of $3.90 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 0.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99.

Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.50. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.Greif's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, sell-side analysts predict that Greif will post 4.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Greif news, SVP Timothy Bergwall sold 6,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $85.26, for a total value of $511,560.00. Following the completion of the transaction, the senior vice president directly owned 57,832 shares in the company, valued at approximately $4,930,756.32. The trade was a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Lawrence A. Hilsheimer sold 21,500 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $88.66, for a total value of $1,906,190.00. Following the transaction, the chief financial officer directly owned 25,825 shares in the company, valued at approximately $2,289,644.50. This represents a 45.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 98,987 shares of company stock worth $8,608,418 in the last three months. 7.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greif

Several large investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC grew its stake in shares of Greif by 631.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 26,043 shares of the industrial products company's stock valued at $1,763,000 after buying an additional 22,483 shares during the period. Wesbanco Bank Inc. raised its position in shares of Greif by 91.5% in the 4th quarter. Wesbanco Bank Inc. now owns 18,839 shares of the industrial products company's stock worth $1,275,000 after buying an additional 9,000 shares during the period. Readystate Asset Management LP purchased a new position in shares of Greif in the 1st quarter worth $871,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Greif in the first quarter valued at $1,853,000. Finally, Sei Investments Co. boosted its holdings in Greif by 61.5% in the first quarter. Sei Investments Co. now owns 15,165 shares of the industrial products company's stock valued at $1,017,000 after acquiring an additional 5,775 shares during the last quarter. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Greif Company Profile

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.

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