Silgan Declares Quarterly Dividend

Rhea-AI Summary

Silgan Holdings Inc. (Nasdaq:SLGN) declared a quarterly cash dividend of $0.12 per share, payable on December 15, 2020, to stockholders recorded as of December 1, 2020. This marks the 67th consecutive quarterly cash dividend increase since 2004. With approximately $4.9 billion in annual net sales in 2019, Silgan operates 110 manufacturing facilities globally, providing sustainable rigid packaging solutions. The company is prominent in metal containers and closures for various consumer goods, strengthening its position as a leading supplier.

Positive

• Declared a quarterly cash dividend of $0.12 per share, highlighting commitment to returning value to shareholders.
• Increased dividends for 67 consecutive quarters, showcasing strong financial performance and shareholder confidence.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)--Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that its Board of Directors declared a quarterly cash dividend on its common stock. The Board of Directors approved a $0.12 per share quarterly cash dividend payable on December 15, 2020 to the holders of record of common stock of the Company on December 1, 2020. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased each year, for sixty-seven consecutive quarters since 2004.

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Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales, on a pro forma basis including the dispensing operations of the Albéa Group acquired on June 1, 2020, of approximately $4.9 billion in 2019. Silgan operates 110 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of metal and plastic closures and dispensing systems for food, beverage, health care, garden, home, personal care and beauty products. In addition, the Company is a leading supplier of plastic containers for shelf-stable food and personal care products in North America.