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American packaging company Greif Inc. (ISIN: US3976241071, NYSE: GEF) will pay out a dividend of $ 0.44 per share for the fourth quarter on January 1, 2021. Record date is December 18, 2020.
Projected over the year, 1.76 US dollars will be paid out. At the current share price of $ 50.84 (as of December 8, 2020), this equates to a dividend yield of 3.46 percent.
Greif was founded in 1877. Over the years, an old bag shop in Cleveland, Ohio, grew into a shop for the manufacture of wooden barrels and smaller containers, which was initially renamed Greif Bros. Company and later Greif Inc. In the third quarter (July 31, 2020) of the 2020 fiscal year, the group achieved sales of US $ 1.08 billion (previous year: US $ 1.25 billion), as reported on August 26, 2020. The profit was 20.7 million US dollars (previous year: 62.7 million US dollars).
Since the beginning of 2020, the share on Wall Street has been up 14.24 percent based on the current price. Its market capitalization is currently $ 2.5 billion as of December 8, 2020.
Saskia Haaker, editor at MyDividends.de