Sonoco Declares Regular Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco (NYSE: SON) has announced its quarterly common stock dividend of $0.52 per share, payable on March 10, 2025, to shareholders of record as of February 26, 2025. This marks the company's 399th consecutive quarterly dividend payment, maintaining a 99-year tradition dating back to 1925. The announcement also represents Sonoco's 41st consecutive year of increasing its annualized dividend. Based on the February 11, 2024 closing price, the dividend yield stands at approximately 4.4%, which is more than double the S&P 500 Index's dividend yield.

Positive

• 41 consecutive years of dividend increases demonstrating strong financial stability
• 4.4% dividend yield, more than double the S&P 500 Index
• 99-year track record of consistent dividend payments
• Maintains quarterly dividend payment of $0.52 per share

Negative

• None.

HARTSVILLE, S.C., Feb. 12, 2025 (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 March 10, 2025, to shareholders of record as of February 26, 2025.

According to Howard Coker, President and Chief Executive Officer, this is the 399^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 February 11, 2024, the Company’s dividend provides an approximate 4.4 percent yield, which is more than double the dividend yield of the S&P 500 Index.

About Sonoco
Sonoco (NYSE: SON) is a global leader in high-value, sustainable packaging that serves some of the world’s best-known brands. Our portfolio is composed of leading products that serve large, attractive end markets for metal and fiber consumer and industrial packaging. Guided by our purpose of Better Packaging. Better Life™, we foster a culture of innovation, collaboration, and excellence to provide solutions that better serve all our stakeholders and support a sustainable future. With net sales of approximately $6.8 billion in 2023, Sonoco has approximately 22,000 employees working in more than 300 operations around the world. Sonoco was named one of America’s Most Responsible Companies by Newsweek. For more information on the Company, visit our website at www.sonoco.com.

Contact:			Roger Schrum
			843-339-6018
			roger.schrum@sonoco.com

FAQ

What is Sonoco's current quarterly dividend payment for 2025?

Sonoco (SON) has declared a quarterly dividend of $0.52 per share for 2025.

When will Sonoco (SON) pay its latest quarterly dividend?

Sonoco will pay its quarterly dividend on March 10, 2025, to shareholders of record as of February 26, 2025.

What is Sonoco's current dividend yield compared to S&P 500?

Sonoco's dividend yield is approximately 4.4%, which is more than double the dividend yield of the S&P 500 Index.

How long has Sonoco (SON) been paying consecutive dividends?

Sonoco has paid dividends for 399 consecutive quarters over 99 years, dating back to 1925.

How many consecutive years has Sonoco increased its annual dividend?

Sonoco has increased its annualized dividend for 41 consecutive years.