Silgan Holdings Inc. Plans Quarterly Dividend of $0.15 (SLGN)
Silgan Holdings (NASDAQ:SLGN) announced a quarterly dividend on Thursday, August 7th, StockRatingsNetwork reports. Stockholders of record on Wednesday, September 3rd will be paid a dividend of 0.15 per share on Wednesday, September 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%.
A number of analysts have recently weighed in on SLGN shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Wednesday, July 30th. They now have a $56.00 price target on the stock, up previously from $52.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Friday, July 25th. They now have a $53.00 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Silgan Holdings in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock, up previously from $51.00. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.71.
Silgan Holdings (NASDAQ:SLGN) traded down 0.78% on Thursday, hitting $49.34. 127,524 shares of the company’s stock traded hands. Silgan Holdings has a 52-week low of $43.77 and a 52-week high of $51.86. The stock’s 50-day moving average is $50.49 and its 200-day moving average is $49.03. The company has a market cap of $3.134 billion and a price-to-earnings ratio of 18.06.
Silgan Holdings (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $917.30 million for the quarter, compared to the consensus estimate of $934.11 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Silgan Holdings will post $3.18 earnings per share for the current fiscal year.
Silgan Holdings Inc is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products.
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