Sonoco's Latest Dividend Announcement
The Board of Directors at Sonoco (NYSE: SON) has officially declared a quarterly common stock dividend of $0.52 per share. This significant announcement reveals the company's consistent dedication to rewarding its shareholders. The dividend is set to be paid on December 10 to those who are shareholders of record as of November 8.
Recognition of Dividend History
Howard Coker, the President and CEO of Sonoco, expressed pride in this dividend declaration, marking the 398th consecutive quarter the company has paid dividends. Not only does this illustrate Sonoco's enduring commitment to its shareholders, but it also signifies the 99th year of continuous payments since the company's inception in 1925. This also highlights the 41st consecutive year that Sonoco has increased their annualized dividend, showcasing a strong performance in dividend growth.
Dividend Yield Overview
According to the data from October 14, 2024, when Sonoco's common stock closed, the established dividend provides an approximate yield of 3.8 percent. This yield is particularly noteworthy as it exceeds the dividend yield of the S&P 500 Index by more than double, indicating a robust return for Sonoco's investors.
Understanding Sonoco's Commitment to Sustainability
Sonoco is recognized globally, with net sales reported at around $6.8 billion in 2023. The company employs approximately 22,000 individuals across more than 300 operations worldwide, facilitating service for renowned brands. Sonoco’s corporate purpose revolves around 'Better Packaging. Better Life.', asserting their commitment to sustainability and creating superior products. This dedication to responsible practices has resulted in Sonoco being distinguished as one of America's Most Responsible Companies by Newsweek.
Company Contact Information
For further inquiries, you may reach out to Lisa Weeks at +843-383-7524. You can also contact her via email at lisa.weeks@sonoco.com.
Frequently Asked Questions
What is the declared dividend amount by Sonoco?
Sonoco has declared a quarterly common stock dividend of $0.52 per share.
How many consecutive quarters has Sonoco paid dividends?
Sonoco has paid dividends for 398 consecutive quarters.
What is the current yield of Sonoco's dividend?
The current yield of Sonoco's dividend is approximately 3.8 percent.
When is the dividend payment scheduled?
The dividend payment is scheduled for December 10, 2024.
Who can I contact for more information about Sonoco?
You can contact Lisa Weeks at +843-383-7524 or email her at lisa.weeks@sonoco.com.
