Greif, Inc. Declares Increased Third Quarter 2018 Dividends
August 28 2018 - 12:47PM
Business Wire
Greif, Inc. (NYSE: GEF, GEF.B), a global leader and industrial
packaging solutions provider, announced today that its Board of
Directors has declared quarterly cash dividends of $0.44 per share
on its Class A Common Stock, and $0.66 per share on its Class B
Common Stock. This is an increase over the dividends declared for
the second quarter of 2018 of $0.42 per share on its Class A Common
Stock and $0.63 per share on its Class B Common Stock.
"We are pleased that our Board of Directors approved this
action, based on our confidence in the current and anticipated
future strength of our cash generating capability and strong
financial position,” said Larry Hilsheimer, Executive Vice
President and Chief Financial Officer. "We believe this action
reflects our commitment to shareholder returns, the strength of our
capital structure and liquidity profile."
The dividends are payable on October 1, 2018, to shareholders of
record at the close of business on September 17, 2018.
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 and packaging accessories and provides filling,
packaging and other services for a wide range of industries. Greif
also 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180828005647/en/
Greif, Inc.Matt Eichmann,
740-549-6067matt.eichmann@greif.com
Greif (NYSE:GEF)
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