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

Silgan Holdings Inc. (NYSE:SLGN) announced 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st.

Silgan has increased its dividend payment 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 18.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.0%

NYSE:SLGN opened at $42.32 on Wednesday. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.48 and a beta of 0.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.37 and a current ratio of 0.52. Silgan has a 1 year low of $33.70 and a 1 year high of $49.55. The business has a fifty day moving average of $38.33 and a 200-day moving average of $41.37.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts predict that Silgan will post 3.88 earnings per share 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.