Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend, payable on December 10, 2024, to shareholders of record as of November 8, 2024. This marks the 398th consecutive quarter and 99th year of dividend payments by the company, dating back to 1925. It also represents the 41st consecutive year of increased annualized dividends.

President and CEO Howard Coker highlighted that based on the closing price of Sonoco's common stock on October 14, 2024, the dividend provides an approximate 3.8% yield. This yield is more than double that of the S&P 500 Index, demonstrating Sonoco's commitment to shareholder value.

Positive

• Consistent dividend payments for 398 consecutive quarters (99 years)
• 41 consecutive years of increased annualized dividends
• Current dividend yield of approximately 3.8%
• Dividend yield more than double that of the S&P 500 Index

Negative

• None.

HARTSVILLE, S.C., Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on December 10, 2024, to shareholders of record as of November 8, 2024.

According to Howard Coker, President and Chief Executive Officer, this is the 398^th consecutive quarter and 99^th, year dating back to 1925, that the Company has paid dividends to shareholders, and is the 41st consecutive year the Company has increased its annualized dividend. Based on the closing price of Sonoco’s common stock on October 14, 2024, the Company’s dividend provides an approximate 3.8 percent yield, which is more than double the dividend yield of the S&P 500 Index.

About Sonoco
With net sales of approximately $6.8 billion in 2023, the Company has approximately 22,000 employees working in more than 300 operations around the world, serving some of the world’s best-known brands. With our corporate purpose of Better Packaging. Better Life., Sonoco is committed to creating sustainable products and a better world for our customers, employees, and communities. Sonoco was named one of America's Most Responsible Companies by Newsweek. For more information on the Company, visit our website at sonoco.com.

Contact:        
Lisa Weeks
+843-383-7524
lisa.weeks@sonoco.com 

FAQ

What is Sonoco's (SON) latest quarterly dividend amount?

Sonoco (SON) has declared a quarterly dividend of $0.52 per share.

When will Sonoco (SON) pay its next dividend?

Sonoco (SON) will pay its next dividend on December 10, 2024, to shareholders of record as of November 8, 2024.

How long has Sonoco (SON) been paying dividends?

Sonoco (SON) has been paying dividends for 99 years, dating back to 1925, marking 398 consecutive quarters of dividend payments.

What is Sonoco's (SON) current dividend yield?

Based on the closing price of Sonoco's (SON) common stock on October 14, 2024, the dividend provides an approximate 3.8% yield.