Silgan Approves Two-for-One Stock Split and Declares Quarterly Dividend
May 04 2017 - 8:30AM
Business Wire
Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid
packaging for consumer goods products, announced today that its
Board of Directors declared a two-for-one stock split of its issued
Common Stock, to be effected in the form of a stock dividend.
Stockholders of record at the close of business on May 15, 2017
will be issued one additional share of Common Stock of the Company
for each share of Common Stock of the Company held by such
stockholders on that date. Such additional shares of Common Stock
of the Company will be distributed on May 26, 2017. Silgan also
announced today that its Board of Directors declared a quarterly
cash dividend on its Common Stock. The Board of Directors approved
a post-split quarterly cash dividend of $0.09 per share payable on
June 15, 2017 to the holders of record of Common Stock of the
Company on June 1, 2017.
Silgan is a leading supplier of rigid packaging for consumer
goods products with annual net sales of approximately $3.6 billion
in 2016. 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, home and beauty products. In
addition, the Company is a leading supplier of plastic containers
for shelf-stable food and personal care products in North
America.
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Silgan HoldingsRobert B. Lewis, 203-406-3160
Silgan (NASDAQ:SLGN)
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