Greif, Inc. Increases Dividend Payout, Reinforcing Shareholder Value
Greif, Inc. Increases Its Quarterly Dividend
Greif, Inc. (NYSE: GEF, NYSE: GEF.B) proudly announces an increase in its quarterly cash dividends, declaring $0.56 per share for Class A Common Stock and $0.84 per share for Class B Common Stock. This decision was made following a recent meeting of the Board of Directors, reflecting the company's commitment to rewarding its shareholders.
Commitment to Shareholder Value
In a statement regarding the increase, Larry Hilsheimer, Executive Vice President and Chief Financial Officer of Greif, emphasized the significance of consistent dividend payments as a crucial aspect of the company’s capital allocation strategy. "As highlighted in our recent Investor Day, maintaining regular dividends is important to our disciplined approach to capital allocation," he said. This commitment to shareholder value is one of the cornerstones of Greif's operational philosophy.
Holistic Capital Allocation Strategy
Greif’s management has indicated that the company will continue to focus on maximizing value not just through dividends but also through a broader capital allocation strategy. Following the anticipated benefits from recent divestments, including Containerboard and Timberlands, Greif is poised to execute strategies that enhance shareholder returns effectively.
Important Dividend Dates
The newly declared dividends are set to be payable on October 1 to all stockholders who are registered by the close of business on September 16. This timeline allows investors to prepare for the upcoming dividend payouts effectively.
About Greif, Inc.
Founded in 1877, Greif operates as a global leader in performance packaging across 40 countries. The company is dedicated to delivering reliable and innovative packaging solutions to some of the world's most demanding industries, ensuring compliance with a wide array of operational needs. Greif’s commitment to excellence and customer satisfaction has defined its operational endeavors.
Innovative Packaging Solutions
Greif manufactures a diverse range of packaging solutions, including Customized Polymer, Sustainable Fiber, Durable Metal, and Integrated Solutions. These innovations are aimed at catering to varying customer needs while promoting sustainability and efficiency in operations.
Customer-Centric Approach
Greif’s reputation for legendary customer service stems from its commitment to operational excellence and sustainable practices. By placing a significant emphasis on customer needs, Greif continues to build lasting relationships with its clients and stakeholders.
Contact Information
If you have any inquiries or require further information, please reach out to Bill D’Onofrio at 614-499-7233 or via email at bill.donofrio@greif.com.
Frequently Asked Questions
What is the amount of the recent dividend declared by Greif?
Greif declared a quarterly dividend of $0.56 per share for Class A and $0.84 per share for Class B stock.
When will the dividends be paid out?
The declared dividends will be payable on October 1 to all registered stockholders by the close of business on September 16.
Who can I contact for more information about Greif?
For more information, you can contact Bill D’Onofrio at 614-499-7233 or email bill.donofrio@greif.com.
What does Greif specialize in?
Greif specializes in performance packaging, providing innovative and tailored solutions across multiple industries.
How can I follow Greif's updates?
You can stay updated by visiting Greif's official website and following them on their social media channels.
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