Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Sonoco (NYSE: SON) declared a quarterly dividend of $0.45 per share, payable on September 10, 2021, to shareholders of record as of August 10, 2021. This marks the 385th consecutive quarter of dividend payments, dating back to 1925, and the company has raised dividends for 38 consecutive years. The dividend yield stands at 2.73%, significantly higher than the S&P 500 Index. Sonoco, a leading provider of packaging solutions, reported annualized net sales of approximately $5.2 billion.

Positive

• Declared a quarterly dividend of $0.45 per share.
• 385 consecutive quarters of dividend payments since 1925.
• Raised dividends for 38 consecutive years.
• Dividend yield of 2.73%, nearly double that of the S&P 500 Index.
• Annualized net sales of approximately $5.2 billion.

Negative

• None.

HARTSVILLE, S.C., July 21, 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 September 10, 2021, to shareholders of record as of August 10, 2021.

According to Howard Coker, Sonoco president and chief executive officer, this is the 385^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 July 20, 2021, the Company’s dividend provides a 2.73 percent yield, which is nearly 100 percent higher than 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

When will Sonoco's dividend be paid?

Sonoco's dividend will be paid on September 10, 2021.

What is the amount of Sonoco's dividend?

The amount of Sonoco's dividend is $0.45 per share.

What is the dividend yield for Sonoco?

Sonoco's dividend yield is 2.73%.

How long has Sonoco been paying dividends?

Sonoco has been paying dividends for 385 consecutive quarters since 1925.

How many years has Sonoco raised its dividends?

Sonoco has raised its dividends for 38 consecutive years.