Greif, Inc. (NYSE:GEF) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.44 per share by the industrial products company on Wednesday, January 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Tuesday, December 17th.
Shares of Greif stock traded up $0.23 on Wednesday, reaching $43.17. 181,437 shares of the company were exchanged, compared to its average volume of 230,593. Greif has a one year low of $29.85 and a one year high of $47.44. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.24 and a beta of 1.41. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 2.37. The company has a 50-day moving average of $40.93 and a 200 day moving average of $36.54.
GEF has been the topic of a number of analyst reports. Zacks Investment Research upgraded Greif from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a research note on Monday, August 19th. ValuEngine upgraded Greif from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.38.
Greif Company Profile
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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