Silgan Holdings Inc. (SLGN) To Go Ex-Dividend on September 1st

Silgan Holdings Inc. (NYSE:SLGN) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.21 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend 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 payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.8%

Shares of Silgan stock opened at $42.66 on Thursday. 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 50 day moving average price of $42.82 and a 200 day moving average price of $42.47. The company has a market capitalization of $4.51 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.47 and a beta of 0.68.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $1.01 earnings per share. 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. Sell-side analysts anticipate that Silgan will post 3.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. increased its stake in shares of Silgan by 177.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock worth $137,262,000 after buying an additional 2,174,028 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Silgan by 22.1% in the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after purchasing an additional 1,676,760 shares in the last quarter. Bank of America Corp DE increased its stake in Silgan by 131.9% during the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock valued at $87,218,000 after purchasing an additional 1,153,253 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Silgan by 25.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares during the period. Finally, Millennium Management LLC grew its stake in Silgan by 1,609.6% during the 3rd quarter. Millennium Management LLC now owns 961,540 shares of the industrial products company’s stock worth $41,356,000 after buying an additional 905,296 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Company Profile

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.