Silgan Holdings Inc. (NYSE:SLGN) to Issue $0.20 Quarterly Dividend
Silgan Holdings Inc. (NYSE:SLGN) has declared a quarterly dividend of $0.20 per share, payable on December 15th to stockholders of record as of December 1st. This represents an annualized dividend yield of 2.0%. Silgan has consistently increased its dividend for 22 years, with a payout ratio of 17.9%, indicating strong earnings coverage. The company reported $1.22 EPS for the last quarter, exceeding estimates, and expects to maintain its dividend with projected earnings of $4.47 per share next year.
Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Monday, December 1st will be given a dividend of 0.20 per share by the industrial products company on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, December 1st.
- Is Consumer Discretionary a Dead End? These 3 Stocks Say No
Silgan has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Silgan has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance
NYSE SLGN traded up $0.58 during trading hours on Wednesday, hitting $39.19. 93,877 shares of the company's stock traded hands, compared to its average volume of 913,123. Silgan has a 52-week low of $36.15 and a 52-week high of $58.14. The company has a market capitalization of $4.19 billion, a PE ratio of 13.30, a PEG ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56. The firm's 50-day moving average is $43.27 and its 200-day moving average is $49.39.
- 3 Mid Cap Dividend Growers That are Still Cheap
Silgan (NYSE:SLGN - Get Free Report) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. Silgan's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Equities analysts forecast that Silgan will post 4.11 EPS for the current fiscal year.
Silgan Company Profile
(Get Free Report)Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.
Recommended Stories
- Five stocks we like better than Silgan
- Do ETFs Pay Dividends? What You Need to Know
- Why Apple's Next Quarter Could Be a "Prove It" iPhone 17 Moment
- What Are Trending Stocks? Trending Stocks Explained
- 3 Reasons Tesla Could Be a $500 Stock by the End of the Month
- Are Penny Stocks a Good Fit for Your Portfolio?
- Affirm's New York Life Deal: A Game-Changing Stamp of Approval
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Silgan Right Now?
Before you consider Silgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silgan wasn't on the list.
While Silgan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
