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

Shares of Greif, Inc. (NYSE:GEF.B) saw unusually-high trading volume on Tuesday . Approximately 14,039 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 11,125 shares.The stock last traded at $66.05 and had previously closed at $66.03.

Greif Stock Down 0.2%

The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 12.98 and a beta of 0.82. The business has a fifty day moving average of $59.49 and a 200 day moving average of $62.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13.

Greif (NYSE:GEF.B) last posted its 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%. The company had revenue of $1.39 billion during the quarter.

Greif Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, June 17th. Greif’s dividend payout ratio is 89.50%.

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.