Greif, Inc. Announces Quarterly Dividend of $0.42 (GEF)
Greif (NYSE:GEF) announced a quarterly dividend on Wednesday, August 27th, Analyst Ratings Network reports. Shareholders of record on Friday, September 19th will be paid a dividend of 0.42 per share on Wednesday, October 1st. This represents a $1.68 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, September 17th.
On the ratings front, analysts at Bank of America upgraded shares of Greif from an “underperform” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $61.00 price target on the stock, up previously from $54.00.
Greif (NYSE:GEF) traded down 0.34% during mid-day trading on Wednesday, hitting $49.30. 162,113 shares of the company’s stock traded hands. Greif has a 52-week low of $45.55 and a 52-week high of $56.53. The stock’s 50-day moving average is $51.41 and its 200-day moving average is $52.52. The company has a market cap of $2.350 billion and a price-to-earnings ratio of 15.83.
Greif (NYSE:GEF) last announced its earnings results on Wednesday, August 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.63. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that Greif will post $2.81 earnings per share for the current fiscal year.
Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.
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