Shares of Greif, Inc. (NYSE:GEF.B - Get Free Report) were up 7.5% during trading on Thursday following a dividend announcement from the company. The company traded as high as $64.38 and last traded at $63.43. Approximately 7,738 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 10,803 shares. The stock had previously closed at $59.01.
The newly announced dividend which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Tuesday, June 17th. Greif's dividend payout ratio (DPR) is 90.76%.
Greif Stock Performance
The stock has a market cap of $3.15 billion, a P/E ratio of 13.04 and a beta of 0.78. The firm's 50-day moving average is $57.98 and its two-hundred day moving average is $62.88. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.
Greif (NYSE:GEF.B - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 EPS for the quarter. Greif had a return on equity of 11.84% and a net margin of 4.81%. The company had revenue of $1.39 billion for the quarter.
Greif Company Profile
(
Get Free Report)
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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