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Sonoco Declares Regular Quarterly Common Stock Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Sonoco declares $0.51 per share quarterly dividend, marking 394 consecutive quarters of dividend payments.
Positive
Sonoco increases dividend for 40th consecutive year.
Sonoco's dividend yield is greater than 3.5%, double the S&P 500 Index.
Negative
None.
HARTSVILLE, S.C., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.51 per share quarterly common stock dividend. This dividend will be paid on December 8, 2023, to shareholders of record as of November 10, 2023.
According to Howard Coker, President and Chief Executive Officer, this is the 394th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders, and is the 40th consecutive year the Company has increased its dividend. Based on the closing price of Sonoco’s common stock on October 16, 2023, the Company’s dividend yield is greater than 3.5 percent, which is more than double the dividend yield of the S&P 500 Index.
About Sonoco Founded in 1899, Sonoco (NYSE:SON) is a global provider of packaging products. With net sales of approximately $7.3 billion in 2022, the Company has approximately 22,000 employees working in more than 310 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. The Company ranked first in the Packaging sector on Fortune's World's Most Admired Companies for 2022 as well as being included in Barron's 100 Most Sustainable Companies for the fourth consecutive year. For more information on the Company, visit our website at www.sonoco.com.
Contact: Lisa Weeks 843-383-7524 lisa.weeks@sonoco.com
Sonoco's quarterly dividend will be paid on December 8, 2023.
Sonoco's dividend yield is greater than 3.5%, more than double the dividend yield of the S&P 500 Index.
Sonoco has paid dividends for 394 consecutive quarters, dating back to 1925.
Yes, this is the 40th consecutive year that Sonoco has increased its dividend.
a global supplier of innovative packaging solutions, bringing more to packaging than just the package. about us: founded in 1899, sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. with annualized net sales of approximately $4.8 billion, we have 20,000 employees working in more than 300 operations in 33 countries, serving some of the world's best known brands in some 85 nations. for more information about us, visit www.sonoco.com. what we do: sonoco is the world's largest producer of paperboard containers, and a leading manufacturer of tubes and cores; convenience closures; consumer and industrial thermoformed plastic packaging; engineered molded and extruded plastic products; protective, temperature and retail assurance packaging. awards and accolades: third-party organizations regularly recognize us for our corporate citizenship. we've been listed in the dow jones sustainability
