DELAWARE, Ohio - Greif, Inc. (NYSE: NYSE:GEF, GEF.B), a notable player in the industrial packaging sector, has declared that its Board of Directors approved the distribution of quarterly cash dividends. Class A Common Stock shareholders are set to receive $0.52 per share, while Class B Common Stock shareholders will be granted $0.78 per share.
The dividends are scheduled for disbursement on April 1, 2024, to shareholders who are recorded by the close of business on March 18, 2024.
The company, which has a significant presence in over 35 countries, is known for its comprehensive range of industrial packaging products and services. Greif's portfolio includes steel, plastic, and fiber drums, intermediate bulk containers, reconditioned containers, jerrycans, and various small plastics.
Moreover, they produce containerboard, uncoated and coated recycled paperboard, and an assortment of specialty products. Greif also offers packaging accessories and a suite of services, including filling and packaging, catering to a broad spectrum of industry needs.
Apart from its packaging solutions, Greif manages timber properties in the southeastern United States, further diversifying its business interests. The company's strategic positioning allows it to effectively serve both global and regional customer bases.
This dividend announcement is a continuation of Greif's commitment to providing value to its shareholders and reflects the company's stable financial position. By maintaining a consistent dividend payout, Greif reinforces its reputation as a reliable investment in the industrial packaging industry.
The information provided in this article is based on a press release statement from Greif, Inc.
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