Silgan Holdings Inc. (NYSE:SLGN) Increases Dividend to $0.21 Per Share

Silgan Holdings Inc. (NYSE:SLGN) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.21 per share by the industrial products company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 5.0% increase from Silgan’s previous quarterly dividend of $0.20.

Silgan has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. Silgan has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Silgan to earn $4.47 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 17.9%.

Silgan Stock Performance

SLGN traded down $0.84 on Wednesday, reaching $47.60. 205,985 shares of the stock were exchanged, compared to its average volume of 1,012,878. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.31. The company’s 50-day moving average price is $43.93 and its 200 day moving average price is $42.85. The firm has a market capitalization of $5.03 billion, a PE ratio of 17.70, a PEG ratio of 2.06 and a beta of 0.72. Silgan has a fifty-two week low of $36.15 and a fifty-two week high of $57.04.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. As a group, sell-side analysts forecast that Silgan will post 4.11 EPS for the current fiscal 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.