Sonoco Upgrades Regular Dividend to Enhance Shareholder Value
Sonoco's Commitment to Dividend Payouts
The Board of Directors of Sonoco (NYSE: SON) has made a significant announcement regarding its quarterly common stock dividend. The declared dividend stands at $0.53 per share, which reflects the company's ongoing commitment to deliver value to its shareholders. This dividend is scheduled for payment on September 10 to shareholders who are on record as of August 8.
Historic Milestone in Dividend Payments
Howard Coker, the President and Chief Executive Officer of Sonoco, highlighted the importance of this announcement during a recent statement. He noted that this dividend represents the 401st consecutive quarter in which Sonoco has fulfilled its commitment to paying dividends to shareholders. Moreover, this year marks a remarkable milestone as it is the 100th year since the company first began issuing dividends back in 1925. Additionally, this will be the 42nd consecutive year that Sonoco has increased its annualized dividend, a clear indication of the firm’s robust financial health and dedication to rewarding its investors.
Impressive Dividend Yield
As of July 15, the closing price of Sonoco’s common stock indicates that this dividend represents an approximate yield of 4.7%. This yield is notably more than double that of the S&P 500 Index, showcasing the attractiveness of Sonoco's investment value. This commitment enriches the appeal for both new and existing shareholders, ensuring that Sonoco remains a company of choice for those seeking reliable dividend income.
Overview of Sonoco
Founded in 1899, Sonoco (NYSE: SON) has grown into a prominent global leader in sustainable packaging solutions. The company focuses on value-added consumer and industrial packaging made from metal and fiber materials. With a workforce of around 23,400 employees and operations spanning 40 countries, Sonoco collaborates with some of the world's most recognizable brands.
Innovative and Responsible Practices
Guided by the company’s ethos of "Better Packaging. Better Life.", Sonoco actively promotes a culture rooted in innovation, excellence, and collaboration. This commitment is not only towards their products but also towards creating a sustainable future for their operations and stakeholders. Their commitment to responsibility has not gone unnoticed; in 2025, Newsweek recognized Sonoco as one of America’s Most Trustworthy and Responsible Companies.
Contact Information
For further information about Sonoco and its operations, interested parties may reach out to Roger Schrum. He can be contacted at 843-339-6018 or via email at roger.schrum@sonoco.com. Roger is available to provide details regarding the recent dividend announcement or any inquiries related to the company’s initiatives.
Frequently Asked Questions
What was Sonoco's recent dividend per share announcement?
Sonoco announced a quarterly common stock dividend of $0.53 per share.
When is the dividend payment scheduled?
The dividend payment is set for September 10, with the record date of August 8.
How many consecutive quarters has Sonoco paid dividends?
Sonoco has paid dividends for 401 consecutive quarters.
What is the significance of the 100-year mark?
It highlights Sonoco's long-standing tradition of rewarding its shareholders, as it marks 100 years of continuous dividend payouts.
How does the dividend yield compare to the S&P 500?
The dividend yield for Sonoco is approximately 4.7%, which is more than double that of the S&P 500 Index.
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