Sonoco Increases Quarterly Common Stock Dividend

Rhea-AI Summary

Sonoco (NYSE: SON) has announced a quarterly dividend increase to $0.53 per share, raising the annual payout to $2.12 from $2.08. The dividend will be paid on June 10, 2025, to shareholders of record on May 9, 2025.

This marks Sonoco's 100th consecutive year of dividend payments, representing the 400th consecutive quarter since 1925. It's also the company's 42nd consecutive year of dividend increases. The current dividend yield is approximately 4.8%, more than double the S&P Mid-Cap 400 Index yield.

The company has generated $1.7 billion in operating cash flow over the past two years, which has been invested in growth and productivity improvements. While focusing on reducing leverage following the Eviosys acquisition, Sonoco maintains its commitment to shareholder returns through dividends.

Positive

• Increased quarterly dividend to $0.53 per share
• 100-year track record of consecutive dividend payments
• 42 consecutive years of dividend increases
• Strong 4.8% dividend yield
• Generated $1.7 billion in operating cash flow over past two years

Negative

• Focus on debt reduction following Eviosys acquisition may limit future capital returns
• Dividend increase of only $0.04 annually indicates conservative capital return policy

Celebrates 100 Consecutive Years of Dividend Distributions

HARTSVILLE, S.C., April 16, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend to $0.53 per shares as it celebrated the 100^th consecutive year of paying dividends to its shareholders at the Company’s annual meeting. The new quarterly dividend will be paid on June 10, 2025, to shareholders of record on May 9, 2025.

With the increase, Sonoco’s annual dividend payout moves to $2.12 per share up from $2.08 per share. Future quarterly declarations and the establishment of future record and payment dates are subject to final determination by Sonoco’s Board of Directors.

According to Howard Coker, president and chief executive officer, this is the 400^th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders, and is the 42^nd consecutive year the Company has increased its dividend. Based on the closing price of Sonoco’s common stock on April 15, 2025, the Company’s dividend provides an approximate 4.8 percent yield, which is more than double the dividend yield of the S&P Mid-Cap 400 Index.

“Sonoco’s goal is to increase its long-term profitability and return capital to shareholders,” Coker said. “Over the past two years the Company has generated approximately $1.7 billion in operating cash flow which has been used to invest in future growth and to drive productivity savings. While we are focused on using free cash flow to lower leverage following the recent acquisition of Eviosys, our dividend remains an important part of our value creation story.”

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The Company is now a multi-billion-dollar enterprise with approximately 23,400 employees working in 285 operations in 40 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of America’s Most Trustworthy and Responsible Companies by Newsweek in 2025. 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 new quarterly dividend payment for 2025?

Sonoco (SON) increased its quarterly dividend to $0.53 per share, payable June 10, 2025, to shareholders of record on May 9, 2025.

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

Sonoco has paid dividends for 100 consecutive years, marking 400 consecutive quarters of dividend payments dating back to 1925.

What is Sonoco's dividend yield compared to the S&P Mid-Cap 400 Index?

Sonoco's dividend yield is approximately 4.8%, more than double the dividend yield of the S&P Mid-Cap 400 Index.

How much operating cash flow has Sonoco generated in the past two years?

Sonoco has generated approximately $1.7 billion in operating cash flow over the past two years.

What is Sonoco's new annual dividend payout per share for 2025?

Sonoco's annual dividend payout has increased to $2.12 per share, up from $2.08 per share.