Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend, payable on September 10, 2024, to shareholders of record as of August 9, 2024. This marks the 397th consecutive quarter and 99th year of dividend payments, dating back to 1925. It's also the 41st consecutive year of increased annualized dividends. Based on the July 16, 2024 closing price, Sonoco's dividend yield is approximately 3.6%, which is more than double the S&P 500 Index's dividend yield. This consistent dividend history demonstrates Sonoco's commitment to shareholder returns and financial stability.

Positive

• Declared quarterly dividend of $0.52 per share
• 41 consecutive years of increased annualized dividends
• 3.6% dividend yield, more than double the S&P 500 Index
• 397 consecutive quarters of dividend payments

Negative

• None.

HARTSVILLE, S.C., July 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on September 10, 2024, to shareholders of record as of August 9, 2024.

According to Howard Coker, President and Chief Executive Officer, this is the 397^th consecutive quarter and 99^th year, dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco’s common stock on July 16, 2024, the Company’s dividend provides an approximate 3.6 percent yield, which is more than double the dividend yield of the S&P 500 Index.

About Sonoco
With net sales of approximately $6.8 billion in 2023, the Company has approximately 23,000 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. Sonoco was named one of America's Most Responsible Companies by Newsweek. For more information on the Company, visit our website at sonoco.com.

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

 

FAQ

What is Sonoco's (SON) latest quarterly dividend amount?

Sonoco (SON) has declared a quarterly dividend of $0.52 per share.

When will Sonoco (SON) pay its next dividend?

Sonoco (SON) will pay its next dividend on September 10, 2024, to shareholders of record as of August 9, 2024.

How does Sonoco's (SON) dividend yield compare to the S&P 500 Index?

Based on the July 16, 2024 closing price, Sonoco's dividend yield is approximately 3.6%, which is more than double the dividend yield of the S&P 500 Index.

How long has Sonoco (SON) been paying dividends?

Sonoco has been paying dividends for 99 years, dating back to 1925, marking 397 consecutive quarters of dividend payments.