Greif, Inc. Declares Increased Quarterly Dividends

Rhea-AI Summary

Greif, Inc. (NYSE: GEF, GEF.B) announced a quarterly cash dividend of $0.50 for Class A Common Stock and $0.75 for Class B Common Stock, marking an 8.7% increase from previous dividends. The dividends are payable on October 1, 2022, to stockholders of record by September 16, 2022. This increase reflects Greif's commitment to shareholder value, complemented by a recent share repurchase program. The company aims to enhance recurring dividends while maintaining strong operational performance in the industrial packaging sector.

Positive

• Quarterly cash dividends increased by 8.7%.
• Dividend payments provide recurring income for shareholders.
• Recent share repurchase program supports stock value.

Negative

• None.

DELAWARE, Ohio, Aug. 30, 2022 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.50 per share on its Class A Common Stock, and $0.75 per share on its Class B Common Stock. This dividend declaration represents an 8.7% per share increase from the quarterly dividends declared on June 7, 2022 and August 31, 2021.

"We are excited to continue growing our recurring dividend," said Larry Hilsheimer, Greif's Executive Vice President and Chief Financial Officer. "This increased dividend supplements our recently announced share repurchase program, which together provide a compelling investment opportunity to our shareholders."

The dividends are payable on October 1, 2022, to stockholders of record at the close of business on September 16, 2022.

About Greif, Inc.

Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, 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 35 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com. 

Contact:  
Matt Leahy  
740-549-6158
matthew.leahy@greif.com

 

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SOURCE Greif, Inc.

FAQ

What are the dividend amounts declared by Greif Inc. for GEF and GEF.B?

Greif Inc. declared a dividend of $0.50 per share for Class A shares (GEF) and $0.75 per share for Class B shares (GEF.B).

When will the dividends for Greif Inc. be paid?

The dividends will be payable on October 1, 2022.

What is the record date for Greif Inc.'s dividend payment?

The record date for the dividend payment is September 16, 2022.

How does Greif Inc.'s dividend increase impact shareholders?

The 8.7% increase in dividends provides shareholders with increased income and reflects the company's commitment to enhancing shareholder value.