Sonoco Announces Dividend, Reflecting Strong Financial Health
Sonoco Declares a Quarterly Common Stock Dividend
HARTSVILLE, S.C. — The Board of Directors of Sonoco (NYSE: SON) has officially declared a quarterly common stock dividend of $0.52 per share. This exciting news means that shareholders can expect their dividends to be paid soon, specifically on March 10.
A Legacy of Performance and Growth
According to Howard Coker, the President and Chief Executive Officer, this marks an impressive achievement in Sonoco's history, representing the 399th consecutive quarter of dividend payments. This streak dates back to 1925 and showcases the company’s steadfast commitment to rewarding its shareholders.
Additionally, it is worth noting that this is the 41st consecutive year that Sonoco has increased its annualized dividend. This consistent growth of dividends reinforces Sonoco's robust financial health and confidence in ongoing business operations.
Dividend Yield and Market Comparison
To put this into perspective, based on the closing price of Sonoco’s stock, the current dividend yield stands at approximately 4.4 percent. This yield is more than double that of the S&P 500 Index, underscoring Sonoco's strong market position and the effectiveness of its strategic initiatives.
About Sonoco
Sonoco (NYSE: SON) is recognized as a global leader in innovative and sustainable packaging solutions. The company’s impressive portfolio supports some of the most well-known brands globally, with a focus on delivering high-value products across diverse sectors, including metal and fiber consumer and industrial packaging.
Driven by a mission encapsulated in the phrase Better Packaging. Better Life™, Sonoco fosters a culture that emphasizes innovation, collaboration, and operational excellence. These values allow the company to create timely solutions that not only meet customer needs but also contribute to a more sustainable future.
The Company’s Reach and Impact
Boasting net sales of about $6.8 billion in the previous year, Sonoco employs around 22,000 people, with operations extending across more than 300 locations worldwide. This extensive presence enables the company to adapt swiftly to market changes while maintaining high-quality standards.
In recognition of its continuous commitment to ethics and responsibility, Sonoco has been named one of America’s Most Responsible Companies by Newsweek. Such accolades highlight the company's dedication to creating a positive impact through its operations.
Contact Information
If you seek further information or have inquiries, feel free to reach out to Roger Schrum at 843-339-6018 or via email at roger.schrum@sonoco.com.
Frequently Asked Questions
What is the amount of Sonoco's declared dividend?
Sonoco has declared a quarterly common stock dividend of $0.52 per share.
How long has Sonoco been paying dividends?
Sonoco has a remarkable history of paying dividends for 399 consecutive quarters.
What is the current dividend yield of Sonoco?
The current dividend yield for Sonoco is approximately 4.4 percent.
Where can I find more information about Sonoco?
More information can be obtained by visiting their official website at www.sonoco.com.
Who can I contact for inquiries about Sonoco?
For inquiries, you can contact Roger Schrum at 843-339-6018 or via email at roger.schrum@sonoco.com.
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