Greif, Inc. Declares 10.7% Increase to Quarterly Dividend

Rhea-AI Summary

Greif (NYSE: GEF) announced its Board approved a 10.7% increase to the quarterly dividend. The company declared cash dividends of $0.62 per Class A share and $0.93 per Class B share, payable July 1, 2026, to shareholders of record on June 17, 2026.

Management links the higher dividend to strong free cash flow, balance sheet improvements, and confidence in long-term earnings, within a capital allocation framework targeting leverage below 2.0x, organic growth investment, opportunistic buybacks, and cash returns via dividends.

AI-generated analysis. Not financial advice.

Positive

• Quarterly dividend increased 10.7% versus the prior level
• New dividend rates set at $0.62 Class A and $0.93 Class B per share
• Capital framework targets leverage below 2.0x while funding growth and buybacks

Negative

• None.

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DELAWARE, Ohio, June 02, 2026 (GLOBE NEWSWIRE) -- 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 $0.62 per share on its Class A Common Stock, and $0.93 per share on its Class B Common Stock.

"As part of our disciplined and balanced capital allocation framework, our Board has approved a 10.7% increase to our quarterly dividend," said Larry Hilsheimer, Greif’s Executive Vice President and Chief Financial Officer. "This increase reflects the continued strength of our free cash flow generation, the significant progress we have made strengthening our balance sheet, and our confidence in Greif’s long-term earnings power. We remain committed to a disciplined capital allocation approach which includes maintaining leverage below 2.0x, investing in high-return organic growth opportunities, executing opportunistic share repurchases, and returning cash to shareholders through dividends."

Dividends are payable on July 1, 2026, to stockholders of record at the close of business on June 17, 2026.

About Greif

Founded in 1877, Greif is a global leader in performance packaging located in 35 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world’s most demanding and fastest-growing industries. With a commitment to legendary customer service, operational excellence, and global sustainability, Greif packages life’s essentials – and creates lasting value for its colleagues, customers, and other stakeholders. Learn more about the company’s Customized Polymer, Sustainable Fiber, Durable Metal, and Innovative Closure Solutions at www.greif.com and follow Greif on Instagram and LinkedIn.

Concerning Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other statements about future expectations, prospects, estimates and other matters that are dependent upon future events or developments. These forward-looking statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results, trends or guidance and statements of outlook. All forward-looking statements are based on assumptions, expectations and other information currently available to management. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. Greif is subject to additional risks and uncertainties described in its Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. Except to the extent required by applicable law, Greif undertakes no obligation to update or revise any forward-looking statement.

Contact:

Bill D’Onofrio
614-499-7233
bill.donofrio@greif.com

FAQ

What dividend increase did Greif (GEF) announce on June 2, 2026?

Greif announced a 10.7% increase to its quarterly dividend. According to Greif, the Board approved dividends of $0.62 per Class A share and $0.93 per Class B share as part of its capital allocation framework.

How much is Greif’s (GEF) new quarterly dividend per share?

Greif’s new quarterly dividend is $0.62 per Class A share and $0.93 per Class B share. According to Greif, these amounts reflect its 10.7% dividend increase supported by strong free cash flow and a stronger balance sheet.

When is the record date and payment date for the Greif (GEF) July 2026 dividend?

The Greif dividend will be paid on July 1, 2026. According to Greif, shareholders must be of record at the close of business on June 17, 2026, to receive the quarterly cash dividend on Class A and Class B shares.

Why did Greif (GEF) decide to raise its quarterly dividend by 10.7%?

Greif linked the increase to strong free cash flow and a stronger balance sheet. According to Greif, the higher dividend also reflects confidence in long-term earnings power and aligns with its disciplined capital allocation and leverage target below 2.0x.

How does the higher Greif (GEF) dividend fit into its capital allocation strategy?

The higher dividend is part of Greif’s balanced capital allocation framework. According to Greif, priorities include keeping leverage below 2.0x, investing in high-return organic growth, executing opportunistic share repurchases, and returning cash to shareholders through growing dividends.