Greif, Inc. (NYSE:GEF) to Issue Quarterly Dividend of $0.56

Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 16th will be given a dividend of 0.56 per share by the industrial products company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, March 16th.

Greif has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Greif has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Greif to earn $5.22 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 42.9%.

Greif Trading Up 0.0%

Shares of GEF traded up $0.00 during mid-day trading on Tuesday, reaching $74.64. 8,145 shares of the company were exchanged, compared to its average volume of 216,594. The business has a 50 day simple moving average of $71.87 and a two-hundred day simple moving average of $65.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23. The stock has a market capitalization of $3.46 billion, a PE ratio of 27.64, a PEG ratio of 0.57 and a beta of 0.96. Greif has a 52 week low of $48.23 and a 52 week high of $77.14.

Greif (NYSE:GEF) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a net margin of 7.52% and a return on equity of 8.46%. The firm had revenue of $994.80 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts predict that Greif will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Greif

In other news, EVP Bala Sathyanarayanan sold 2,731 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.67, for a total value of $209,385.77. Following the completion of the sale, the executive vice president directly owned 34,076 shares of the company’s stock, valued at $2,612,606.92. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $74.11, for a total value of $148,220.00. Following the completion of the transaction, the senior vice president owned 73,832 shares in the company, valued at $5,471,689.52. This represents a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have acquired 22,252 shares of company stock valued at $1,971,735 and have sold 70,944 shares valued at $5,095,812. 7.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Greif

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock valued at $40,000 after buying an additional 176 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Greif by 4.3% during the fourth quarter. ProShare Advisors LLC now owns 5,682 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 235 shares during the period. American Century Companies Inc. boosted its holdings in shares of Greif by 1.3% during the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after purchasing an additional 280 shares during the period. Bank of Montreal Can increased its stake in shares of Greif by 5.5% during the second quarter. Bank of Montreal Can now owns 6,002 shares of the industrial products company’s stock valued at $390,000 after buying an additional 314 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of Greif by 0.7% in the 4th quarter. Stifel Financial Corp now owns 57,581 shares of the industrial products company’s stock worth $3,898,000 after purchasing an additional 398 shares during the period. Institutional investors own 45.74% of the company’s stock.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.