Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco (NYSE: SON) has declared a quarterly dividend of $0.49 per share, payable on September 9, 2022, to shareholders of record as of August 10, 2022. This marks the 389th consecutive quarter of dividend payments, dating back to 1925. The dividend offers an approximate yield of 3.3%, significantly higher than the S&P 500 Index. In 2021, Sonoco reported net sales of $5.6 billion and continues its commitment to sustainability, ranking first in its sector on Fortune's list of the World’s Most Admired Companies for 2022.

Positive

• Declared a quarterly dividend of $0.49 per share.
• 389th consecutive quarter of dividend payments.
• Dividend yield of approximately 3.3%, above the S&P 500.
• Net sales of $5.6 billion in 2021.

Negative

• None.

HARTSVILLE, S.C., July 20, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $0.49 per share quarterly common stock dividend. This dividend will be paid on September 9, 2022, to shareholders of record as of August 10, 2022.

According to Howard Coker, president and chief executive officer, this is the 389^th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Based on the closing price of Sonoco’s common stock on July 19, 2022, the Company’s dividend provides an approximately 3.3 percent yield, which is more than double the dividend yield of the S&P 500 Index. Future quarterly declarations and the establishment of future record and payment dates are subject to final determination by Sonoco’s Board of Directors.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global provider of consumer, industrial, healthcare and protective packaging. With net sales of $5.6 billion in 2021, the Company has 22,000 employees working in approximately 300 operations in 32 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 2022 as well as being included in Barron’s 100 Most Sustainable Companies for the third consecutive year. For more information, visit www.sonoco.com.

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

 

 

FAQ

What is the dividend amount declared by Sonoco (SON)?

Sonoco has declared a quarterly dividend of $0.49 per share.

When will the dividend for Sonoco (SON) be paid?

The dividend will be paid on September 9, 2022.

What is the record date for Sonoco's (SON) dividend?

The record date for the dividend is August 10, 2022.

How long has Sonoco (SON) been paying dividends?

Sonoco has paid dividends to shareholders for 389 consecutive quarters since 1925.

What is the yield of Sonoco's (SON) dividend?

The dividend yield is approximately 3.3%, which is more than double the S&P 500 Index.