StockNews.AI
SON
StockNews.AI
182 days

UPDATE – Sonoco Declares Regular Quarterly Common Stock Dividend

1. Sonoco declared a quarterly dividend of $0.52 per share. 2. This marks 399 consecutive quarters of dividend payments since 1925. 3. The company has increased its annualized dividend for 41 consecutive years. 4. The dividend yield is approximately 4.4%, more than double the S&P 500. 5. Sonoco's sales reached $6.8 billion in 2023, with a strong market position.

3m saved
Insight
Article

FAQ

Why Very Bullish?

Consistent dividend increases and high yield can attract investors. Historically, similar actions have positively influenced stock prices.

How important is it?

The article highlights Sonoco's strong financial practices, crucial for investor sentiment and stock performance.

Why Long Term?

Sustained dividend growth suggests long-term financial stability and commitment to shareholders, enhancing investor confidence over time.

Related Companies

SONSPY
HARTSVILLE, S.C., Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on March 10, 2025, to shareholders of record as of February 26, 2025. According to Howard Coker, President and Chief Executive Officer, this is the 399th consecutive quarter and 99th year dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco’s common stock on February 11, 2025, the Company’s dividend provides an approximate 4.4 percent yield, which is more than double the dividend yield of the S&P 500 Index. About Sonoco Sonoco (NYSE: SON) is a global leader in high-value, sustainable packaging that serves some of the world’s best-known brands. Our portfolio is composed of leading products that serve large, attractive end markets for metal and fiber consumer and industrial packaging. Guided by our purpose of Better Packaging. Better Life™, we foster a culture of innovation, collaboration, and excellence to provide solutions that better serve all our stakeholders and support a sustainable future. With net sales of approximately $6.8 billion in 2023, Sonoco has approximately 22,000 employees working in more than 300 operations around the world. Sonoco was named one of America’s Most Responsible Companies by Newsweek. For more information on the Company, visit our website at www.sonoco.com. Contact:  Roger Schrum   843-339-6018   roger.schrum@sonoco.com

Related News