Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

On July 15, 2020, Sonoco (NYSE: SON) declared a quarterly dividend of $.43 per share, scheduled for payment on September 10, 2020, to shareholders of record by August 10, 2020.
This marks the 381st consecutive quarter of dividend payments, highlighting a strong commitment to shareholders since 1925. Sonoco has raised its dividend for 37 consecutive years, with a current yield of 3.3%, significantly above the S&P 500 Index. The company reported annualized net sales of approximately $5.4 billion and serves customers in 85 nations.

Positive

• Declared a quarterly dividend of $.43 per share.
• 381st consecutive quarter of dividend payments.
• 37 consecutive years of increasing dividends.
• Current yield of 3.3%, higher than the S&P 500 Index.

Negative

• None.

HARTSVILLE, S.C., July 15, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $.43 per share quarterly common stock dividend. The dividend will be paid on September 10, 2020, to shareholders of record as of August 10, 2020.

According to Howard Coker, president and chief executive officer, this is the 381^st 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 37 consecutive years. Based on the closing price of Sonoco’s common stock on July 14, 2020, the Company’s dividend provides a 3.3 percent yield, which is 75 percent higher than dividends paid by the S&P 500 Index.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 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 2020 as well as Barron’s 100 Most Sustainable Companies. For more information, visit www.sonoco.com.

 

Contact:
Roger Schrum
+843-339-6018

FAQ

What is the dividend amount announced by Sonoco?

Sonoco announced a dividend of $.43 per share.

When will Sonoco's dividend be paid?

The dividend will be paid on September 10, 2020.

What is the record date for Sonoco's dividend?

The record date for the dividend is August 10, 2020.

How long has Sonoco been paying dividends?

Sonoco has paid dividends for 381 consecutive quarters.

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

Sonoco's dividend yield is 3.3%, which is significantly higher than the S&P 500 Index.