The Board of Directors of Greif Inc recently declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock.
Mike Gasser, Greif chairman and CEO, said, "Today’s dividend announcement signifies the seventh increase in the last 10 years, and we are particularly pleased that the Board approved the 10.5 percent increase compared to the same period last year for both classes of stock. The increase is consistent with our targeted dividend payout ratio of 30 to 35 percent over a complete business cycle."
The dividends are payable on July 1, 2010, to shareholders of record at close of business on June 18, 2010.
