Greif Bros. (NYSE:GEF.B) Sees Large Volume Increase - Here's What Happened

Key Points

• Greif Bros. Corporation experienced a significant increase in trading volume, with approximately 11,434 shares changing hands, marking a 45% rise from the previous session.
• The company recently reported a $1.03 earnings per share for the last quarter, with revenues reaching $1.13 billion.
• Greif Bros. announced an increase in its quarterly dividend to $0.84, with a yield of 5.3%, up from the previous dividend of $0.81.

Greif Bros. Corporation (NYSE:GEF.B - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 11,434 shares traded hands during trading, an increase of 45% from the previous session's volume of 7,899 shares.The stock last traded at $62.88 and had previously closed at $62.28.

Greif Bros. Stock Up 0.9%

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 19.56 and a beta of 0.89. The firm has a 50 day moving average price of $68.56 and a 200-day moving average price of $63.23.

Greif Bros. (NYSE:GEF.B - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter. Greif Bros. had a return on equity of 10.09% and a net margin of 3.52%.The business had revenue of $1.13 billion for the quarter.

Greif Bros. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 16th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This is a positive change from Greif Bros.'s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 5.3%. Greif Bros.'s payout ratio is currently 89.50%.

Greif Bros. Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.