Sonoco Announces Consistent Quarterly Dividend Commitment
Sonoco's Quarterly Dividend Announcement
The Board of Directors of Sonoco (NYSE: SON) has confirmed a $0.52 per share quarterly common stock dividend. This impressive commitment showcases Sonoco's dedication to its shareholders and financial stability.
Historical Dividend Payments
Howard Coker, the President and CEO, emphasized that this marks the 399th consecutive quarter and the 99th year since 1925 that Sonoco has returned value to its shareholders through divestments. What’s more remarkable is that this is the 41st consecutive year of increasing its annual dividend—a testament to the company's robust financial management.
Dividend Yield Comparison
Currently, based on the stock's closing price, Sonoco's dividend yield stands around 4.4 percent. This yield is notably more than double that of the S&P 500 Index, illustrating the company's competitive positioning and solid performance in the market.
Overview of Sonoco
Sonoco (NYSE: SON) is recognized as a global leader in providing high-value, sustainable packaging solutions. Their extensive product portfolio caters to some of the most renowned brands worldwide.
Commitment to Sustainability
Sonoco’s mission, encapsulated in the slogan “Better Packaging. Better Life™,” reflects their aim of fostering innovation, collaboration, and excellence. These values support their operation, emphasizing the importance of sustainable practices.
Financial Performance and Employee Base
With net sales reaching approximately $6.8 billion, Sonoco employs around 22,000 individuals across over 300 global operations. The company's achievement of being named one of America’s Most Responsible Companies by Newsweek underlines its reliability and strong ethical standing in the industry.
Company Contact Information
For further inquiries regarding their dividend policies or company operations, Sonoco encourages shareholders to reach out. Contact Roger Schrum at 843-339-6018 or via email at roger.schrum@sonoco.com.
Frequently Asked Questions
What is the declared dividend per share by Sonoco?
Sonoco has declared a quarterly dividend of $0.52 per share.
How long has Sonoco maintained dividend payments?
Sonoco has paid dividends for 399 consecutive quarters, marking 99 years of dividend distribution to shareholders.
What is the current dividend yield for Sonoco?
The current dividend yield is approximately 4.4 percent, which is significantly higher than the S&P 500 Index.
Where can I find more information about Sonoco?
More information can be found on their official website at www.sonoco.com.
Who can I contact for inquiries related to Sonoco?
For inquiries, you can contact Roger Schrum at 843-339-6018 or reach out via email.
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