Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco declares $0.51 per share quarterly dividend, marking 394 consecutive quarters of dividend payments.

Positive

• Sonoco increases dividend for 40th consecutive year.
• Sonoco's dividend yield is greater than 3.5%, double the S&P 500 Index.

Negative

• None.

HARTSVILLE, S.C., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on December 8, 2023, to shareholders of record as of November 10, 2023.

According to Howard Coker, President and Chief Executive Officer, this is the 394th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders, and is the 40th consecutive year the Company has increased its dividend. Based on the closing price of Sonoco’s common stock on October 16, 2023, the Company’s dividend yield is greater than 3.5 percent, which is more than double the dividend yield of the S&P 500 Index.

About Sonoco
Founded in 1899, Sonoco (NYSE:SON) is a global provider of packaging products. With net sales of approximately $7.3 billion in 2022, the Company has approximately 22,000 employees working in more than 310 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

When will Sonoco's quarterly dividend be paid?

Sonoco's quarterly dividend will be paid on December 8, 2023.

What is Sonoco's dividend yield?

Sonoco's dividend yield is greater than 3.5%, more than double the dividend yield of the S&P 500 Index.

How many consecutive quarters has Sonoco paid dividends?

Sonoco has paid dividends for 394 consecutive quarters, dating back to 1925.

Has Sonoco increased its dividend this year?

Yes, this is the 40th consecutive year that Sonoco has increased its dividend.