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

Silgan Holdings Inc. (NYSE:SLGN) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.21 per share by the industrial products company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 1st.

Silgan has raised 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 18.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE:SLGN opened at $42.31 on Wednesday. Silgan has a 1-year low of $35.68 and a 1-year high of $49.55. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.53 and a quick ratio of 0.33. The business has a fifty day moving average price of $42.73 and a 200-day moving average price of $42.47. The company has a market capitalization of $4.47 billion, a PE ratio of 16.59, a PEG ratio of 2.41 and a beta of 0.68.

Silgan (NYSE:SLGN) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the business posted $1.01 EPS. Silgan’s revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, equities analysts expect that Silgan will post 3.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $51.00 target price (up from $49.00) on shares of Silgan in a research note on Thursday, July 9th. UBS Group set a $47.00 price target on shares of Silgan and gave the company a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $59.00 price objective on shares of Silgan in a research report on Wednesday, July 15th. Finally, BMO Capital Markets assumed coverage on Silgan in a report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Silgan currently has an average rating of “Moderate Buy” and an average price target of $53.30.

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.