Greif, Inc. Announces Quarterly Dividend Increase
June 01 2005 - 4:05PM
PR Newswire (US)
Greif, Inc. Announces Quarterly Dividend Increase DELAWARE, Ohio,
June 1 /PRNewswire-FirstCall/ -- The Board of Directors of Greif,
Inc., (NYSE: GEF; GEF.B) today declared quarterly cash dividends of
$0.24 per share of Class A Common Stock and $0.36 per share of
Class B Common Stock. This represents an increase of 50 percent
over the dividends declared last quarter. The dividends are payable
on July 1, 2005, to shareholders of record at close of business on
June 17, 2005. "The implementation of the Greif Business System
throughout the company, in parallel with other strategic business
activities, has contributed to a significantly positive cash flow
for the company," said Greif Chairman and Chief Executive Officer
Michael J. Gasser. "Although the Board and management remain
committed to paying down debt, we are also committed to rewarding
our shareholders. This unprecedented increase does that." Greif,
Inc. is the world leader in industrial packaging products and
services. The Company provides extensive experience in steel,
plastic, fibre, corrugated and multiwall containers and protective
packaging for a wide range of industries. Greif also produces
containerboard and manages timber properties in North America.
Greif is strategically positioned in more than 40 countries to
serve global as well as regional customers. Additional information
is on the Company's Web site at http://www.greif.com/ . DATASOURCE:
Greif, Inc. CONTACT: Deb Strohmaier, APR, Director, Communications
of Greif, Inc., +1-740-549-6074, or Web site: http://www.greif.com/
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