Silgan Holdings Inc. (SLGN) to Issue Quarterly Dividend of $0.21 on June 15th

Silgan Holdings Inc. (NYSE:SLGN) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Monday, June 1st will be given a dividend of 0.21 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, June 1st.

Silgan has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Silgan has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Silgan stock opened at $37.61 on Friday. The company’s 50-day moving average price is $39.34 and its 200-day moving average price is $41.45. Silgan has a twelve month low of $36.15 and a twelve month high of $57.04. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58. The company has a market cap of $3.97 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, equities research analysts forecast that Silgan will post 3.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Silgan

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Silgan by 20.2% in the 1st quarter. California State Teachers Retirement System now owns 104,983 shares of the industrial products company’s stock worth $4,073,000 after acquiring an additional 17,655 shares in the last quarter. Empowered Funds LLC grew its stake in Silgan by 138.2% in the 1st quarter. Empowered Funds LLC now owns 6,743 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 3,912 shares in the last quarter. Quantinno Capital Management LP grew its stake in Silgan by 15.1% in the 1st quarter. Quantinno Capital Management LP now owns 179,341 shares of the industrial products company’s stock worth $6,958,000 after acquiring an additional 23,485 shares in the last quarter. Entropy Technologies LP bought a new position in Silgan in the 1st quarter worth about $366,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Silgan by 96.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 328,186 shares of the industrial products company’s stock worth $12,734,000 after acquiring an additional 160,755 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

About Silgan

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.