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

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

Greif has raised its dividend by an average of 5.6% per year over the last three years. Greif has a payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings.

Greif Stock Performance

GEF-B stock traded down $1.20 during midday trading on Monday, reaching $61.60. The stock had a trading volume of 9,473 shares. The firm has a 50-day moving average price of $65.23 and a two-hundred day moving average price of $67.79.

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.