Silgan Holdings Inc. to Issue Quarterly Dividend of $0.21 (NYSE:SLGN)

Silgan Holdings Inc. (NYSE:SLGN) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.21 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 1st.

Silgan has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Silgan has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Silgan to earn $4.07 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 20.6%.

Silgan Trading Up 2.3%

Silgan stock opened at $42.31 on Wednesday. Silgan has a 52 week low of $35.68 and a 52 week high of $49.55. The stock has a market capitalization of $4.47 billion, a P/E ratio of 16.59, a PEG ratio of 2.41 and a beta of 0.68. The stock has a 50-day simple moving average of $42.73 and a 200 day simple moving average of $42.47. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.33 and a current ratio of 0.53.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Analysts expect that Silgan will post 3.81 earnings per share for the current year.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.