Greif, Inc. Declares Increased Quarterly Dividends

DELAWARE, Ohio, Aug. 30, 2022 /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 $0.50 per share on its Class A Common Stock, and $0.75 per share on its Class B Common Stock. This dividend declaration represents an 8.7% per share increase from the quarterly dividends declared on June 7, 2022 and August 31, 2021.

"We are excited to continue growing our recurring dividend," said Larry Hilsheimer, Greif's Executive Vice President and Chief Financial Officer. "This increased dividend supplements our recently announced share repurchase program, which together provide a compelling investment opportunity to our shareholders."

The dividends are payable on October 1, 2022, to stockholders of record at the close of business on September 16, 2022.

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, 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[email protected]

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SOURCE Greif, Inc.