Silgan Increases Dividend by 14.3 Percent and Declares Quarterly Dividend; Dividend Increased for 18th Consecutive Year Since Initiation

Rhea-AI Summary

Silgan Holdings Inc. (NASDAQ:SLGN), a leader in sustainable rigid packaging, has declared a $0.16 per share quarterly cash dividend, payable on March 31, 2022. This marks a 14.3% increase from last year and continues a trend of annual dividend increases since 2004. With approximately $5.7 billion in net sales in 2021, Silgan operates 113 manufacturing facilities across North and South America, Europe, and Asia, serving various sectors including food, beverage, and personal care.

Positive

• Dividend increased by 14.3%, highlighting strong financial performance.
• Consistent annual dividend payments since 2004 indicate financial stability.
• Company reported net sales of approximately $5.7 billion in 2021.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that based on its continued strong financial performance and business prospects its Board of Directors declared a $0.16 per share quarterly cash dividend on the Company’s common stock, payable on March 31, 2022 to the holders of record of the common stock of the Company on March 17, 2022. This represents a 14.3 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 consumer goods products with annual net sales of approximately $5.7 billion in 2021. Silgan operates 113 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/20220223006269/en/

Robert B. Lewis

(203) 406-3160

Source: Silgan Holdings Inc.

FAQ

What is the dividend amount declared by Silgan Holdings (SLGN)?

Silgan Holdings has declared a dividend of $0.16 per share.

When will the dividend be paid to shareholders of SLGN?

The dividend will be payable on March 31, 2022.

What was the percentage increase in Silgan Holdings' dividend?

The dividend increased by 14.3% compared to last year.

How long has Silgan Holdings (SLGN) been increasing its dividend?

Silgan Holdings has increased its dividend annually since it began paying in 2004.