Sonoco Increases Quarterly Stock Dividend
With this increase, Sonoco’s annualized dividend payout moves to $2.04 per share from $1.96 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 392nd 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 April 18, 2023, the Company’s dividend provides an approximate 3.3 percent yield, which is double the dividend yield of the S&P 500 Index.
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 300 operations around the world, serving some of the world's best-known brands. With our corporate purpose of
Source: Sonoco Products Company