Silgan Increases Dividend for 21st Consecutive Year Since Initiation and Declares Quarterly Dividend

Rhea-AI Summary

Silgan Holdings (NYSE: SLGN) has announced a quarterly cash dividend of $0.20 per share, representing a 5.3% increase from the previous year. The dividend will be payable on March 31, 2025, to stockholders of record as of March 17, 2025.

This marks the company's 21st consecutive year of dividend increases since initiating dividend payments in 2004. Silgan, a leading supplier of sustainable rigid packaging solutions, reported annual net sales of approximately $5.9 billion in 2024. The company operates 123 manufacturing facilities across North and South America, Europe, and Asia, specializing in dispensing and specialty closures, metal containers, and custom containers for various consumer goods sectors.

Positive

• 21 consecutive years of dividend increases
• 5.3% dividend increase
• $5.9B annual net sales in 2024
• Strong global presence with 123 manufacturing facilities
• Leading market position in multiple packaging segments

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 $0.20 per share quarterly cash dividend on the Company’s common stock, payable on March 31, 2025 to the holders of record of the common stock of the Company on March 17, 2025. This represents a 5.3 percent increase from last year's quarterly cash dividend, which the Company has increased every year for twenty-one consecutive years since it began paying cash dividends in 2004.

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Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately $5.9 billion in 2024. Silgan operates 123 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 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/20250225180601/en/

Alexander Hutter

Vice President, Investor Relations

AHutter@silgan.com

203-406-3187

Source: Silgan Holdings Inc.

FAQ

What is the new quarterly dividend amount for Silgan Holdings (SLGN) in 2025?

Silgan Holdings (SLGN) declared a quarterly dividend of $0.20 per share, a 5.3% increase from the previous year.

When will Silgan Holdings (SLGN) pay its latest quarterly dividend?

The dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

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

Silgan has increased its dividend for 21 consecutive years since initiating dividend payments in 2004.

What were Silgan Holdings' (SLGN) annual net sales in 2024?

Silgan Holdings reported annual net sales of approximately $5.9 billion in 2024.

How many manufacturing facilities does Silgan Holdings (SLGN) operate globally?

Silgan operates 123 manufacturing facilities across North and South America, Europe, and Asia.