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

Greif, Inc. (NYSE:GEF-B) declared a quarterly dividend on Monday, February 24th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.54 per share on Tuesday, April 1st. This represents a $2.16 annualized dividend and a yield of 3.51%.

Greif has increased its dividend by an average of 5.6% annually over the last three years. Greif has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings.

Greif Price Performance

NYSE GEF-B opened at $61.60 on Tuesday. The firm has a fifty day moving average price of $65.01 and a 200-day moving average price of $67.78.

About Greif

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.