Greif, Inc. Declares Fourth Quarter 2020 Dividends

(Neutral)

Rhea-AI Summary

Greif, Inc. (NYSE: GEF, GEF.B) announced quarterly cash dividends of $0.44 per share for Class A Common Stock and $0.65 per share for Class B Common Stock, payable on January 1, 2021. Shareholders on record by December 18, 2020 will receive the dividends. Greif is a leader in industrial packaging, producing a wide range of products and services across over 40 countries, aiming to enhance customer service.

Positive

Declaring cash dividends of $0.44 for Class A and $0.65 for Class B stock.
Demonstrated commitment to returning value to shareholders through consistent dividends.

Negative

None.

News Market Reaction – GEF

+1.60%

+1.60% Session move

In the trading session that priced this news, GEF gained 1.60%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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12/08/2020 - 02:20 PM

DELAWARE, Ohio, Dec. 8, 2020 /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 $0.44 per share on its Class A Common Stock, and $0.65 per share on its Class B Common Stock.

The dividends are payable on January 1, 2021, to stockholders of record at the close of business on December 18, 2020.

About Greif, Inc.

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. Additional information is on the Company's website at www.greif.com.

Contact:

Matt Eichmann
740-549-6067
matt.eichmann@greif.com

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SOURCE Greif, Inc.

FAQ

What is the dividend amount declared by Greif, Inc. for Class A and B shares?

Greif, Inc. declared a dividend of $0.44 for Class A Common Stock and $0.65 for Class B Common Stock.

When will the dividends be paid to shareholders of Greif, Inc.?

The dividends will be payable on January 1, 2021.

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

The record date for the dividend payment is December 18, 2020.

How often does Greif, Inc. pay dividends?

Greif, Inc. typically declares dividends quarterly.

Is Greif, Inc.'s dividend payment sustainable?

The sustainability of Greif, Inc.'s dividends depends on its ongoing financial performance and cash flow.