STAMFORD, Conn. - Silgan Holdings Inc. (NYSE:SLGN), a supplier of rigid packaging solutions, has declared a quarterly cash dividend of $0.19 per share on its common stock, a 5.6% increase from the previous year's dividend. The dividend is payable on March 28, 2024, to shareholders of record as of March 14, 2024. This marks the company's twentieth consecutive year of dividend increases since it initiated cash dividends in 2004.
The decision by Silgan's Board of Directors to raise the dividend reflects the company's ongoing strong financial performance and positive business outlook. Silgan, with a network of 107 manufacturing facilities across North and South America, Europe, and Asia, reported annual net sales of approximately $6.0 billion in 2023. The company is recognized as a significant player in the packaging industry, providing solutions for consumer goods including food, beverage, personal care, and home care products.
Silgan's portfolio includes dispensing and specialty closures, metal containers for food and general line products, and custom containers for shelf-stable food and personal care items. Its position as a leading supplier in various segments underlines its role in the global supply chain for essential consumer goods.
This dividend increase is an indicator of Silgan's commitment to delivering value to its shareholders and confidence in the company's financial health. The announcement is based on a press release statement issued by Silgan Holdings Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.