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

Key Points

• Silgan Holdings Inc. has declared a quarterly dividend of $0.20 per share, which will be paid on September 16th to shareholders of record by September 2nd, indicating a yield of 1.7% based on an annualized dividend of $0.80.
• The company's earnings report revealed a missed EPS estimate of $1.01 for the last quarter against a consensus of $1.03, although revenue increased by 11.4% year-on-year to $1.54 billion.
• Equities analysts have a mixed outlook on SLGN, with two hold ratings, seven buy ratings, and a consensus target price of $62.44, reflecting optimism about the stock's performance amid recent price adjustments.

Silgan Holdings Inc. (NYSE:SLGN - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Tuesday, September 2nd will be paid a dividend of 0.20 per share by the industrial products company on Tuesday, September 16th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd.

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 Stock Performance

NYSE SLGN traded up $0.48 during trading hours on Thursday, hitting $46.87. The company had a trading volume of 384,526 shares, compared to its average volume of 788,577. The business has a 50 day moving average of $53.93 and a 200-day moving average of $52.82. The company has a market cap of $5.01 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. Silgan has a 1-year low of $44.37 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.28 and a current ratio of 0.48.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. As a group, equities research analysts expect that Silgan will post 4.11 EPS for the current year.

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.