Silgan Holdings Inc. (NYSE:SLGN) Declares $0.20 Quarterly Dividend

Silgan Holdings Inc. (NYSE:SLGN) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, December 1st will be paid 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 is Monday, December 1st.

Silgan has raised 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 dividend 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 Price Performance

Shares of SLGN stock traded up $0.50 during trading hours on Wednesday, reaching $39.11. The company’s stock had a trading volume of 134,129 shares, compared to its average volume of 913,388. The firm’s 50 day simple moving average is $43.27 and its 200-day simple moving average is $49.39. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.27 and a beta of 0.67. Silgan has a fifty-two week low of $36.15 and a fifty-two week high of $58.14. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts forecast that Silgan will post 4.11 earnings per share for the current year.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam J. Greenlee acquired 7,000 shares of the stock in a transaction dated Friday, October 31st. The stock was acquired at an average cost of $38.19 per share, with a total value of $267,330.00. Following the completion of the transaction, the chief executive officer owned 328,164 shares in the company, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. The SEC filing for this purchase provides additional information. 1.13% of the stock is owned by company insiders.

Institutional Trading of Silgan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Silgan in the 1st quarter valued at about $51,000. Zurich Insurance Group Ltd FI bought a new stake in Silgan in the 1st quarter valued at about $1,258,000. M&T Bank Corp increased its position in Silgan by 6.9% in the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock valued at $927,000 after buying an additional 1,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Silgan by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company’s stock valued at $353,000 after buying an additional 815 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Silgan by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 186,827 shares of the industrial products company’s stock valued at $9,551,000 after buying an additional 648 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

About Silgan

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.