Sonoco Announces Next Quarterly Dividend Payment for Investors
Sonoco's Quarterly Dividend Declaration
The Board of Directors of Sonoco (NYSE: SON) has made an important announcement regarding its upcoming dividend. The company declared a quarterly common stock dividend of $0.52 per share. This payment will be made to shareholders on an upcoming date, benefiting those who are currently on record as of a specified date earlier in the month.
Historic Dividend Payments
Howard Coker, the President and CEO of Sonoco, shared insights into the company’s continued commitment to rewarding its shareholders. This marks a significant milestone as it represents the 399th consecutive quarter the company has paid dividends since its inception. Furthermore, it is the 41st consecutive year Sonoco has increased its annualized dividend payments, showcasing the company’s long-term dedication to returning value to its investors.
Understanding the Dividend Yield
As of a recent market closing, the dividend yield associated with this payment approximates 4.4%. This figure is noteworthy, especially when compared to the dividend yields prevalent within the S&P 500 Index, reinforcing the attractiveness of Sonoco's stock for current and prospective shareholders.
About Sonoco
Sonoco (NYSE: SON) is a reputable global leader in sustainable packaging strategies. The company caters to some of the most recognized brands worldwide, offering a diverse range of high-quality products specifically for metal and fiber consumer and industrial packaging. The mission of Sonoco, encapsulated in their purpose statement of "Better Packaging. Better Life™", emphasizes their commitment to innovation and environmental stewardship.
Company Achievements and Sales Performance
In 2023, Sonoco achieved net sales of approximately $6.8 billion, employing around 22,000 individuals across over 300 operational sites globally. These impressive figures underscore the scalability and effectiveness of its business model. Furthermore, Sonoco's recognition as one of America's Most Responsible Companies demonstrates its commitment not just to profit, but also to societal and environmental concerns.
Contacting Sonoco
For inquiries, you can reach out to Roger Schrum at 843-339-6018 or via email at roger.schrum@sonoco.com. The company encourages both current and potential investors to engage with their team for further information.
Frequently Asked Questions
What is the amount of the declared dividend per share?
Sonoco has declared a quarterly dividend of $0.52 per share.
When will the dividend be paid?
The dividend payment will be made on a specified date in the near future, to shareholders of record as of an earlier date.
How many consecutive quarters has Sonoco paid dividends?
Sonoco has paid dividends for 399 consecutive quarters.
What is the yield of the dividend?
The approximate yield of the dividend is 4.4%, which is substantially higher than the S&P 500 Index.
How can the public learn more about Sonoco?
Individuals can find more information about Sonoco and its sustainability efforts by visiting their official website at www.sonoco.com.
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