DELAWARE, Ohio, Aug. 29,
2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a
global leader in industrial packaging products and services,
announced today that its Board of Directors has declared quarterly
cash dividends of $0.52 per share on
its Class A Common Stock, and $0.78
per share on its Class B Common Stock. This dividend declaration is
reflective of our commitment to provide value directly back to our
shareholders from our compelling continued free cash flow
generation.
"We are excited to again raise our quarterly dividend," said
Larry Hilsheimer, Greif's Executive
Vice President and Chief Financial Officer. "Providing value
directly back to our shareholders is an important part of our
capital allocation strategy, and we intend to continue pursuing
this path in addition to our near-term M&A and other growth
strategies."
The dividends are payable on October 2,
2023, to stockholders of record at the close of business on
September 15, 2023.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision: be the best performing
customer service company in the world. The Company produces steel,
plastic and fibre drums, intermediate bulk containers,
reconditioned containers, jerrycans and other small plastics,
containerboard, uncoated recycled paperboard, coated recycled
paperboard, tubes and cores and a diverse mix of specialty
products. The Company also manufactures packaging accessories and
provides filling, packaging and other services for a wide range of
industries. In addition, Greif manages timber properties in the
southeastern United States. The Company is strategically
positioned in over 35 countries to serve global as well as regional
customers. Additional information is on the Company's website at
www.greif.com.
Contact:
Matt Leahy
740-549-6158
matthew.leahy@greif.com
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SOURCE Greif, Inc.