Greif Inc - (GEF) Declares $0.50 Dividend

Greif Inc - said on June 5, 2023 that its board of directors declared a regular quarterly dividend of $0.50 per share ($2.00 annualized). Previously, the company paid $0.50 per share.

Shares must be purchased before the ex-div date of June 15, 2023 to qualify for the dividend. Shareholders of record as of June 19, 2023 will receive the payment on July 1, 2023.

At the current share price of $62.30 / share, the stock's dividend yield is 3.21%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.96%, the lowest has been 2.54%, and the highest has been 3.32%. The standard deviation of yields is 0.18 (n=98).

The current dividend yield is 1.36 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 518 funds or institutions reporting positions in Greif Inc -. This is a decrease of 29 owner(s) or 5.30% in the last quarter. Average portfolio weight of all funds dedicated to GEF is 0.14%, an increase of 5.27%. Total shares owned by institutions decreased in the last three months by 3.88% to 20,938K shares. The put/call ratio of GEF is 0.12, indicating a bullish outlook.

Analyst Price Forecast Suggests 19.11% Upside

As of June 2, 2023, the average one-year price target for Greif Inc - is 74.20. The forecasts range from a low of 67.67 to a high of $89.25. The average price target represents an increase of 19.11% from its latest reported closing price of 62.30.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Greif Inc - is 5,904MM, a decrease of 2.51%. The projected annual non-GAAP EPS is 6.47.

What are Other Shareholders Doing?

Lsv Asset Management holds 1,434K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,497K shares, representing a decrease of 4.39%. The firm decreased its portfolio allocation in GEF by 7.93% over the last quarter.

Fuller & Thaler Asset Management holds 1,253K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 1,198K shares, representing an increase of 4.38%. The firm decreased its portfolio allocation in GEF by 10.24% over the last quarter.

UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 1,030K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 975K shares, representing an increase of 5.39%. The firm decreased its portfolio allocation in GEF by 3.30% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 827K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 44K shares, representing an increase of 94.64%. The firm increased its portfolio allocation in GEF by 1,443.72% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 790K shares representing 1.67% ownership of the company. In it's prior filing, the firm reported owning 791K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in GEF by 9.65% over the last quarter.

Greif Background Information
(This description is provided by the company.)

Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 40 countries to serve global as well as regional customers.

This story originally appeared on Fintel.