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DELAWARE, Ohio - Greif, Inc. (NYSE:GEF, GEF.B), an industrial packaging products and services provider, announced Tuesday that its Board of Directors has declared quarterly cash dividends of $0.56 per share on Class A Common Stock and $0.84 per share on Class B Common Stock. The company has maintained dividend payments for 53 consecutive years, with a current yield of 3.25%, according to InvestingPro data.
The dividends will be payable on October 1, 2025, to stockholders of record at the close of business on September 16, 2025.
"Regular dividend payments are an important part of our disciplined capital allocation framework," said Larry Hilsheimer, Greif’s Executive Vice President and Chief Financial Officer, in a press release statement.
Hilsheimer added that the company will remain focused on executing its capital allocation strategy following the anticipated receipt of proceeds from the Containerboard and Timberlands divestments.
Greif, founded in 1877, operates in 40 countries globally, providing packaging solutions across various industries. The company offers customized polymer, sustainable fiber, durable metal, and integrated solutions.
The announcement comes as part of the company’s ongoing shareholder value creation efforts outlined during its 2024 Investor Day.
In other recent news, Greif Inc. has announced the divestiture of its containerboard business to Packaging Corporation of America for $1.8 billion in cash. This significant transaction includes two containerboard mills and eight sheet feeder and corrugated plants across the United States. The divested business generated approximately $1.2 billion in sales and $212 million in EBITDA for the 12 months ending April 30, 2025. As Greif approaches this major transition, BofA Securities downgraded its stock rating from Buy to Neutral, citing the divestiture’s potential 20% dilutive impact before reinvestment. Despite the downgrade, BofA raised its price target for Greif to $77.00 from $71.00. Similarly, Wells Fargo has increased its price target for Greif to $76.00, maintaining an Overweight rating. Truist Securities also raised its price target to $72.00, following Greif’s second-quarter earnings that surpassed expectations. These developments reflect a period of strategic shifts and financial adjustments for Greif Inc.
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