Greif (NYSE:GEF.B) Sees Strong Trading Volume – Here’s Why

Greif, Inc. (NYSE:GEF.B) saw an uptick in trading volume on Tuesday . 10,448 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 10,736 shares.The stock last traded at $59.41 and had previously closed at $60.25.

Greif Trading Down 2.6%

The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13. The firm has a market cap of $2.77 billion, a PE ratio of 11.45 and a beta of 0.78. The business has a 50-day moving average price of $57.84 and a two-hundred day moving average price of $62.92.

Greif (NYSE:GEF.B) last issued its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 EPS for the quarter. Greif had a net margin of 4.81% and a return on equity of 11.84%.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Tuesday, June 17th. Greif’s payout ratio is currently 90.76%.

About Greif

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.