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

Silgan Holdings Inc. (NYSE:SLGN) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 1st will be paid a dividend of $0.21 per share by the industrial products company on Tuesday, December 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st.

Silgan has increased its dividend by an average of 0.1% per year over the last three years and has increased 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. Equities research analysts expect Silgan to earn $4.10 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 20.5%.

Silgan Stock Performance

Shares of SLGN opened at $42.74 on Thursday. The firm has a market capitalization of $4.52 billion, a P/E ratio of 17.23, a PEG ratio of 2.43 and a beta of 0.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.52 and a quick ratio of 0.37. Silgan has a one year low of $33.70 and a one year high of $49.55. The business has a fifty day moving average of $38.34 and a 200 day moving average of $41.37.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. Silgan had a net margin of 3.90% and a return on equity of 16.73%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Silgan will post 3.87 EPS for the current year.

About Silgan

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.