Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Tuesday, June 4th, NASDAQ reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.44 per share by the industrial products company on Monday, July 1st. This represents a $1.76 annualized dividend and a yield of 4.96%. The ex-dividend date is Monday, June 17th.

Greif has increased its dividend by an average of 0.4% annually over the last three years. Greif has a dividend payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greif to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 42.9%.

GEF stock traded up $0.82 during midday trading on Wednesday, hitting $35.51. The stock had a trading volume of 9,524 shares, compared to its average volume of 230,070. The stock has a market capitalization of $1.69 billion, a P/E ratio of 10.06, a PEG ratio of 1.04 and a beta of 1.50. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.15 and a current ratio of 1.67. Greif has a 12-month low of $31.80 and a 12-month high of $59.48.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.11%. Greif’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. Research analysts forecast that Greif will post 3.8 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on GEF shares. Bank of America set a $38.00 price target on shares of Greif and gave the company a “sell” rating in a report on Thursday, March 7th. Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. KeyCorp reiterated a “sell” rating and issued a $31.00 price target on shares of Greif in a report on Thursday, February 28th. Finally, Wells Fargo & Co set a $40.00 price target on shares of Greif and gave the company a “hold” rating in a report on Friday, June 7th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of $36.88.

COPYRIGHT VIOLATION WARNING: This piece was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.mareainformativa.com/news/2019/06/12/greif-inc-announces-quarterly-dividend-of-0-44-nysegef.html.

About Greif

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.

Featured Story: What is the significance of a dead cat bounce?

Dividend History for Greif (NYSE:GEF)

Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.