Today’s Dividend Action: Dec 15, 2016 will mean $0.17 dividends for Silgan Holdings Inc. (NASDAQ:SLGN) shareholders.

Today's Dividend Action: Dec 15, 2016 will mean $0.17 dividends for Silgan Holdings Inc. (NASDAQ:SLGN) shareholders.

Silgan Holdings Inc. (NASDAQ:SLGN) is expected to pay $0.17 on Dec 15, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Silgan Holdings Inc.’s current price of $50.24, the dividend is 0.34%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.90% or $0.45 on November 25, hitting $50.24. Silgan Holdings Inc. (NASDAQ:SLGN) has declined 3.74% since April 25, 2016 and is downtrending. It has underperformed by 9.75% the S&P500.

Silgan Holdings Inc. is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The company has a market cap of $2.79 billion. The Firm operates through three divisions: metal container, closures and plastic container. It has a 19.56 P/E ratio. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.

Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.05, from 1.35 in 2016Q1. The ratio worsened, as 23 funds sold all Silgan Holdings Inc. shares owned while 52 reduced positions. 17 funds bought stakes while 84 increased positions. They now own 40.53 million shares or 0.02% more from 40.52 million shares in 2016Q1.
Nationwide Fund Advsrs last reported 120,156 shares in the company. Cornerstone Advisors Inc reported 603 shares or 0.03% of all its holdings. Bancorporation Of Montreal Can owns 13,873 shares or 0% of their US portfolio. Lsv Asset Management holds 160,300 shares or 0.02% of its portfolio. Stifel Fincl Corp has 0% invested in the company for 12,194 shares. Burney has 0.64% invested in the company for 174,262 shares. Moreover, Ameritas Inv Prtn Incorporated has 0.02% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 6,406 shares. Blackrock Fund Advisors has 0.02% invested in the company for 1.47 million shares. State Board Of Administration Of Florida Retirement accumulated 0.01% or 52,647 shares. Principal Fincl Gru has invested 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). First Mercantile Trust has 8,100 shares for 0.05% of their US portfolio. Credit Suisse Ag accumulated 39,011 shares or 0% of the stock. Brown Advisory has 0% invested in the company for 19,007 shares. Vanguard Group holds 3.35 million shares or 0.01% of its portfolio. The Massachusetts-based Putnam Invests Lc has invested 0.03% in Silgan Holdings Inc. (NASDAQ:SLGN).

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 7 insider sales for $25.63 million net activity. 1,221 shares with value of $59,194 were sold by Andreacchi Anthony P on Tuesday, August 30. ALLOTT ANTHONY J also sold $1.72 million worth of Silgan Holdings Inc. (NASDAQ:SLGN) shares. $22.04 million worth of shares were sold by HORRIGAN D GREG on Tuesday, November 22. Prinzen B Frederik sold $48,049 worth of stock or 1,000 shares. Another trade for 4,417 shares valued at $220,975 was sold by Greenlee Adam J. 10,000 shares with value of $500,455 were sold by LEWIS ROBERT B on Wednesday, November 23. The insider Snyder Thomas James sold 20,411 shares worth $1.04 million.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Out of 10 analysts covering Silgan Holdings Inc. (NASDAQ:SLGN), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Silgan Holdings Inc. has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 26 by Barclays Capital. Goldman Sachs initiated Silgan Holdings Inc. (NASDAQ:SLGN) on Thursday, May 12 with “Neutral” rating. Zacks downgraded the shares of SLGN in a report on Monday, September 21 to “Sell” rating. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, January 5. As per Tuesday, January 19, the company rating was upgraded by Wells Fargo. The firm has “Market Perform” rating given on Wednesday, June 8 by BMO Capital Markets. The stock has “Neutral” rating given by Bank of America on Tuesday, September 15. Citigroup maintained the shares of SLGN in a report on Tuesday, July 19 with “Neutral” rating. The firm earned “Underperform” rating on Friday, March 18 by Bank of America. On Thursday, January 21 the stock rating was upgraded by BMO Capital Markets to “Market Perform”.

Another recent and important Silgan Holdings Inc. (NASDAQ:SLGN) news was published by Marketwatch.com which published an article titled: “Silgan Holdings downgraded to market perform from outperform at Wells Fargo” on June 20, 2009.

SLGN Company Profile

Silgan Holdings Inc. (Silgan), incorporated on April 6, 1989, is a maker of rigid packaging for shelf-stable food and other consumer goods products. The Firm operates through three divisions: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products. It operates approximately 90 manufacturing plants in North America, Europe, Asia and South America.

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