Silgan Holdings Inc. (SLGN) To Go Ex-Dividend on December 2nd

Silgan Holdings Inc. (NYSE:SLGN) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.19 per share by the industrial products company on Monday, December 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, December 2nd.

Silgan has increased its dividend by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 21 years. Silgan has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silgan to earn $4.10 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 18.5%.

Silgan Stock Up 0.1 %

SLGN stock opened at $57.53 on Friday. The stock has a market capitalization of $6.14 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan has a 52 week low of $41.07 and a 52 week high of $58.14. The firm has a 50 day moving average of $52.75 and a 200 day moving average of $49.18.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Silgan had a net margin of 5.11% and a return on equity of 18.76%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.82 billion. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. Sell-side analysts forecast that Silgan will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

SLGN has been the subject of a number of research reports. StockNews.com lowered shares of Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on shares of Silgan from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.43.

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.