Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Sonoco (NYSE: SON) has declared a quarterly dividend of $0.45 per share, set for payment on March 10, 2022, to shareholders on record as of February 23, 2022. This marks the 387th consecutive quarter of dividend payments, a testament to the company's commitment to its investors since 1925. Sonoco has raised its dividends for 38 consecutive years, with the next review scheduled for the April board meeting. The company reported annualized sales of approximately $5.6 billion and operates globally across 32 countries.

Positive

• Declared a quarterly dividend of $0.45 per share.
• 387 consecutive quarters of dividend payments, consistent since 1925.
• Raised dividends for 38 consecutive years.

Negative

• None.

HARTSVILLE, S.C., Feb. 09, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $0.45 per share quarterly common stock dividend. The dividend will be paid on March 10, 2022, to shareholders of record as of February 23, 2022.

According to Howard Coker, Sonoco president and chief executive officer, this is the 387^th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Sonoco has one of the longest records of paying dividends to shareholders in the packaging sector and the Company has raised dividends for 38 consecutive years. Sonoco last raised its dividend payout in March 2021 and the Company’s Board of Directors traditionally considers dividend adjustments at its April board meeting.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging. With annualized net sales of approximately $5.6 billion, the Company has 20,500 employees working in approximately 300 operations in 32 countries, serving some of the world’s best-known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2022 as well as being included in Barron’s 100 Most Sustainable Companies for the third consecutive year. For more information, visit www.sonoco.com.

FAQ

What is the dividend amount declared by Sonoco?

Sonoco declared a quarterly dividend of $0.45 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 10, 2022.

What is the record date for Sonoco's dividend payment?

The record date for the dividend payment is February 23, 2022.

How long has Sonoco been paying dividends?

Sonoco has paid dividends for 387 consecutive quarters since 1925.

How often does Sonoco review its dividend policy?

Sonoco traditionally considers dividend adjustments at its April board meeting.