Greif (NYSE:GEF-B) Shares Up 1.8% – Here’s Why

Greif, Inc. (NYSE:GEF-B) shares traded up 1.8% on Monday . The company traded as high as $58.89 and last traded at $58.89. 13,133 shares changed hands during mid-day trading, The stock had previously closed at $57.87.

Greif Price Performance

The stock’s fifty day moving average is $62.48 and its two-hundred day moving average is $67.23.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.67%. Greif’s dividend payout ratio is presently 67.08%.

Greif Company Profile

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.