The ex-dividend date for Greif (NYSE:GEF) is tomorrow, March 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $62.25 as of 9:31 a.m., the dividend yield is 2.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Greif (NYSE: GEF) is tomorrow, March 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $62.25 as of 9:31 a.m. ET, the dividend yield is 2.7%. The average volume for Greif has been 127,300 shares per day over the past 30 days. Greif has a market cap of $1.6 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.4% year to date as of the close of trading on Tuesday. Greif, Inc. engages in the manufacture and sale of industrial packaging products, and containerboard and corrugated products worldwide. It operates in three segments: Industrial Packaging, Paper Packaging, and Land Management. The company has a P/E ratio of 16.3, above the average consumer non-durables industry P/E ratio of 13.2 and above the S&P 500 P/E ratio of 16. TheStreet Ratings rates Greif as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Greif Ratings Report. See our dividend calendar or top-yielding stocks list.