Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Sonoco (NYSE: SON) has announced a quarterly dividend of $0.49 per share, scheduled for payment on December 9, 2022, to shareholders of record as of November 10, 2022. This marks the 390th consecutive quarter of dividend payments, dating back to 1925. At the closing price on October 18, 2022, this dividend represents a yield of approximately 3.14%. Future dividend declarations are subject to the Board's final determination.

Positive

• 390th consecutive quarterly dividend demonstrates consistent profitability.
• 3.14% dividend yield provides attractive income for shareholders.

Negative

• None.

HARTSVILLE, S.C., Oct. 19, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.49 per share quarterly common stock dividend. This dividend will be paid on December 9, 2022, to shareholders of record as of November 10, 2022.

According to Howard Coker, president and chief executive officer, this is the 390^th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Based on the closing price of Sonoco’s common stock on October 18, 2022, the Company’s dividend provides an approximate 3.14 percent yield. Future quarterly declarations and the establishment of future record and payment dates are subject to final determination by Sonoco’s Board of Directors.

About Sonoco
Founded in 1899, Sonoco (NYSE:SON) is a global provider of packaging products. With net sales of approximately $5.6 billion in 2021, the Company has approximately 22,000 employees working in more than 300 operations around the world, serving some of the world’s best-known brands. With our corporate purpose of Better Packaging. Better Life., Sonoco is committed to creating sustainable products, and a better world, for our customers, employees and communities. 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 fourth consecutive year. For more information on the Company, visit our website at www.sonoco.com.

Contact: Lisa Weeks
+843-383-7524
lisa.weeks@sonoco.com

 

FAQ

What is the dividend amount declared by Sonoco?

Sonoco has declared a dividend of $0.49 per share.

When will the dividend payment be made?

The dividend will be paid on December 9, 2022.

What is the record date for Sonoco's dividend?

The record date for the dividend is November 10, 2022.

How many consecutive quarters has Sonoco paid dividends?

Sonoco has paid dividends for 390 consecutive quarters.

What yield does Sonoco's dividend provide?

The dividend provides an approximate yield of 3.14% based on the closing price on October 18, 2022.