Silgan Increases Dividend by 12.5 Percent and Declares Quarterly Dividend; Dividend Increased for 19th Consecutive Year Since Initiation

Rhea-AI Summary

Silgan Holdings Inc. (NYSE:SLGN) announced a $0.18 per share quarterly cash dividend, reflecting a 12.5% increase from last year. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023. This marks the 19th consecutive annual dividend increase since the program's inception in 2004. Silgan reported annual net sales of approximately $6.4 billion in 2022 and operates 112 manufacturing facilities globally. The company is a major supplier of sustainable packaging solutions for essential consumer goods.

Positive

• Dividend increase of 12.5% indicates strong financial performance.
• 19 consecutive years of dividend increases reflect company stability and shareholder confidence.
• Annual net sales of approximately $6.4 billion demonstrates strong market presence.

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 based on its continued strong financial performance and business prospects its Board of Directors declared a $0.18 per share quarterly cash dividend on the Company’s common stock, payable on March 31, 2023 to the holders of record of the common stock of the Company on March 17, 2023. This represents a 12.5 percent increase from last year in the Company’s quarterly cash dividend, which the Company has increased every year since it began paying cash dividends in 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 $6.4 billion in 2022. Silgan operates 112 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for food, beverage, health care, garden, home, personal care, fragrance and beauty products. The Company is also a leading supplier of metal containers in North America and Europe for 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/20230221005745/en/

Alexander Hutter

(203) 406-3187

Source: Silgan Holdings Inc.

FAQ

What is the dividend amount declared by Silgan Holdings Inc.?

Silgan Holdings Inc. declared a dividend of $0.18 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 31, 2023.

What was the percentage increase in the dividend from last year?

The dividend was increased by 12.5% from the previous year.

How long has Silgan been paying dividends?

Silgan has been paying dividends since 2004, marking 19 years of consecutive increases.

What were Silgan's annual net sales in 2022?

Silgan reported annual net sales of approximately $6.4 billion in 2022.