Published on 26 Nov 2023 on Simply Wall St. via Yahoo Finance

Should Income Investors Look At Silgan Holdings Inc. (NYSE:SLGN) Before Its Ex-Dividend?

Silgan Holdings Inc. (NYSE:SLGN) stock is about to trade ex-dividend in 3 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Silgan Holdings' shares on or after the 30th of November, you won't be eligible to receive the dividend, when it is paid on the 15th of December.

The company's upcoming dividend is US$0.18 a share, following on from the last 12 months, when the company distributed a total of US$0.72 per share to shareholders. Looking at the last 12 months of distributions, Silgan Holdings has a trailing yield of approximately 1.7% on its current stock price of $42.1. If you buy this business for its dividend, you should have an idea of whether Silgan Holdings's dividend is reliable and sustainable. As a result, readers should always check whether Silgan Holdings has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Silgan Holdings