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, to be paid on December 10, 2021, to shareholders on record as of November 10, 2021.

This marks the 386th consecutive quarter of dividend payments since 1925, with 38 years of consecutive increases. At a closing stock price of $15.52 on October 15, 2021, the dividend yield stands at 2.90%, significantly higher than the S&P 500 Index.

Positive

• Consistent dividend payments for 386 consecutive quarters.
• 38 consecutive years of dividend increases.
• Dividend yield of 2.90%, nearly double that of the S&P 500.

Negative

• None.

HARTSVILLE, S.C., Oct. 18, 2021 (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 December 10, 2021, to shareholders of record as of November 10, 2021.

According to Howard Coker, Sonoco president and chief executive officer, this is the 386^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. Based on the closing price of Sonoco’s common stock on October 15, 2021, the Company’s dividend provides a 2.90 percent yield, which is nearly double the dividend yield of the S&P 500 Index.

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 $5.2 billion, the Company has 19,000 employees working in approximately 300 operations in 34 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 was listed as one of Fortune’s World’s Most Admired Companies for 2021 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 in October 2021?

Sonoco declared a dividend of $0.45 per share.

When will Sonoco's dividend be paid?

The dividend will be paid on December 10, 2021.

What is the record date for Sonoco's dividend?

The record date for the dividend is November 10, 2021.

How long has Sonoco been paying dividends?

Sonoco has been paying dividends for 386 consecutive quarters since 1925.

What is Sonoco's dividend yield compared to the S&P 500?

Sonoco's dividend yield is 2.90%, which is nearly double the yield of the S&P 500.