Silgan Holdings Inc. (SLGN -0.93%), a prominent supplier of sustainable rigid packaging solutions for essential consumer goods, has made a significant announcement today. The company's Board of Directors has declared a quarterly cash dividend on its common stock, continuing its long-standing tradition of rewarding shareholders. This dividend declaration reaffirms Silgan's commitment to delivering value to its investors.

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Quarterly Cash Dividend Approval

The Board of Directors at Silgan Holdings has approved a generous $0.18 per share quarterly cash dividend. Shareholders of record as of September 1, 2023, will be eligible to receive the dividend payment. The dividend is set to be paid out on September 15, 2023. This decision reflects the company's financial strength and confidence in its future prospects.

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Consistent Dividend Growth

Silgan Holdings has an impressive track record of rewarding its shareholders. With the latest announcement, the company will have paid a quarterly cash dividend on its common stock for seventy-eight consecutive quarters since 2004. This consistency in dividend payments showcases Silgan's commitment to its investors and highlights the company's financial stability.

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Silgan's Position in the Market

Silgan is a leading global supplier of sustainable rigid packaging solutions with a strong presence in various regions. In 2022, the company reported annual net sales of approximately $6.4 billion. With 110 manufacturing facilities spread across North and South America, Europe, and Asia, Silgan is well-positioned to serve its diverse customer base.

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Diverse Product Portfolio

Silgan Holdings caters to a wide range of industries with its versatile product portfolio. The company is a leading worldwide supplier of dispensing and specialty closures for various consumer goods, including food, beverage, health care, home, personal care, fragrance, and beauty products. Additionally, Silgan is a prominent supplier of metal containers for food and general line products in North America and Europe. Moreover, it is a key player in providing custom containers for shelf-stable food and personal care products in North America.

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The declaration of a quarterly cash dividend by Silgan Holdings Inc. reinforces the company's commitment to rewarding its shareholders. With a rich history of consistent dividend payments and a strong market position, Silgan continues to be an attractive investment option for those seeking stable returns in the consumer goods packaging industry. As the company progresses with its sustainable solutions, investors can look forward to a bright future with Silgan.