Silgan Declares Quarterly Dividend

Rhea-AI Summary

Silgan Holdings Inc. declared a quarterly cash dividend of $0.19 per share, payable on June 17, 2024, to shareholders of record on June 3, 2024. The company has been consistently increasing its dividend for eighty-one quarters since 2004. Silgan is a leading supplier of sustainable rigid packaging solutions with annual net sales of around $6.0 billion in 2023.

Positive

• Silgan Holdings Inc. has a strong track record of consistently increasing its quarterly cash dividend for eighty-one consecutive quarters since 2004, showcasing financial stability and shareholder value.

• The company's focus on sustainable rigid packaging solutions aligns with the growing demand for eco-friendly consumer goods products, positioning Silgan as a key player in the industry.

• With annual net sales of approximately $6.0 billion in 2023, Silgan has a solid revenue stream, indicating strong market presence and customer demand for its products.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential 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 $0.19 per share quarterly cash dividend payable on June 17, 2024 to the holders of record of common stock of the Company on June 3, 2024. With this dividend payment, the Company will have paid a quarterly cash dividend on its common stock, which it has increased every year, for eighty-one consecutive quarters since 2004.

Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $6.0 billion in 2023. Silgan operates 106 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for fragrance and beauty, food, beverage, personal and health care, home care and lawn and garden products. The Company is also a leading supplier of metal containers in North America and Europe for pet and human food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507682564/en/

Alexander Hutter

Vice President, Investor Relations

AHutter@silgan.com

203-406-3187

Source: Silgan Holdings Inc.

FAQ

When is the quarterly cash dividend declared by Silgan Holdings Inc. payable to shareholders?

Silgan Holdings Inc. declared a quarterly cash dividend of $0.19 per share payable on June 17, 2024, to shareholders of record on June 3, 2024.

How many consecutive quarters has Silgan Holdings Inc. increased its quarterly cash dividend since 2004?

Silgan Holdings Inc. has increased its quarterly cash dividend for eighty-one consecutive quarters since 2004.

What is the annual net sales figure of Silgan Holdings Inc. for 2023?

Silgan Holdings Inc. reported annual net sales of approximately $6.0 billion in 2023.