Greif (NYSE:GEF-B) Shares Down 2% – Here’s What Happened

Shares of Greif, Inc. (NYSE:GEF-B) fell 2% during trading on Tuesday . The stock traded as low as $66.65 and last traded at $67.06. 68,976 shares were traded during mid-day trading, The stock had previously closed at $68.46.

Greif Stock Performance

The stock has a 50 day simple moving average of $71.53 and a 200 day simple moving average of $67.75.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.22%. Greif’s payout ratio is presently 67.08%.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.