LONDON, UK / ACCESSWIRE / March 14, 2018 / Active-Investors has a free review on Silgan Holdings Inc. (NASDAQ: SLGN) following the Company's announcement that it will begin trading ex-dividend on March 15, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 14, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SLGN:
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On February 28, 2018, Silgan announced that based on its continued strong financial performance and business prospects, its Board of Directors declared a $0.10 per share quarterly cash dividend on its common stock, payable on March 30, 2018, to the holders of record of the common stock of the Company on March 16, 2018. This represents approximately an 11% increase from last year in Silgan's quarterly cash dividend.
Silgan's indicated dividend represents a yield of 1.40% compared to the average dividend yield of 1.78% for the Consumer Goods sector. The Company has increased its dividend every year since it began paying cash dividends in 2004.
Silgan has a dividend payout ratio of 19.1%, which denotes that the Company spends approximately $0.19 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Silgan is forecasted to report earnings of $2.28 for the next year, which is more than five times higher than the Company's annualized dividend of $0.40 per share.
Silgan reported net cash provided by operating activities of $389.7 million in FY17 compared to $394.6 million in FY16. The Company's free cash flow improved $44.2 million to $224.1 million in FY17 compared to $179.9 million in 2016 primarily as a result of lower capital expenditures and improved operating performance. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Silgan Holdings Inc.
Silgan is a leading supplier of rigid packaging for consumer goods products with annual net sales of approximately $4.1 billion in 2017. Silgan operates 100 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of metal and plastic closures and dispensing systems for food, beverage, health care, garden, personal care, home, and beauty products.
Stock Performance Snapshot
March 13, 2018 - At Tuesday's closing bell, Silgan's stock marginally advanced 0.85%, ending the trading session at $29.52.
Volume traded for the day: 999.34 thousand shares, which was above the 3-month average volume of 583.87 thousand shares.
Stock performance in the last month – up 6.23%; previous three-month period – up 3.04%; and year-to-date – up 0.44%
After yesterday's close, Silgan's market cap was at $3.22 billion.
Price to Earnings (P/E) ratio was at 20.72.
The stock has a dividend yield of 1.36%.
The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry.
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