Greif Bros. Corporation (NYSE:GEF) will begin trading ex-dividend on September 16, 2020. The quarterly dividend payment of $ 0.44 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 4.80 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
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Greif Bros. Corporation recently reported second quarter financial results on June 3, 2020, after market close, producer of industrial packaging products unfold income for the second quarter of $ 0.95 per share, from the revenue of $ 1,158.00 million. The quarterly earnings boosted 17.28 percent compared with the same quarter last year. Street analysts expected Greif Bros. Corporation recently reported second quarter financial results on June 3, 2020, after market close, producer of industrial packaging products to report income of $ 0.80 per share on revenue of $ 1157.76 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 18.75 percent, at the same time, top line results outshined analysts by $ 0.24 million or 0.02 percent.
Shares of Greif Bros. Corporation traded up $ 0.81 or 2.26 percent on Monday, reaching $ 36.65 with volume of 197.40 thousand shares. Greif Bros. Corporation has traded high as $ 37.10 and has cracked $ 35.89 on the downward trend
The closing price of $ 36.65, representing a 51.54 % increase from the 52 week low of $ 23.65 and a 28.85 % decrease over the 52 week high of $ 50.37.
The company has a market capital of $ 1.87 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
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.