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.

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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.

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Dividend History for Greif (NYSE:GEF)

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