Sonoco declares a $0.52 quarterly dividend, marking 99 years of continuous payments and a 41st consecutive annual increase.
Quiver AI Summary
Sonoco's Board of Directors has announced a quarterly dividend of $0.52 per share, set to be paid on March 10, 2025, to shareholders recorded by February 26, 2025. This marks the 399th consecutive quarter of dividend payments and the company's 41st consecutive year of increasing its annual dividend, highlighting its long-standing commitment to shareholders since 1925. The dividend offers an approximate yield of 4.4%, significantly higher than the average yield of the S&P 500 Index. Sonoco, a leader in sustainable packaging with reported net sales of around $6.8 billion in 2023, emphasizes innovation and a responsible approach in its practices, earning recognition as one of America’s Most Responsible Companies.
Potential Positives
- The Company has declared a $0.52 per share quarterly common stock dividend, reinforcing its commitment to returning value to shareholders.
- This marks the 399th consecutive quarter the Company has paid dividends, demonstrating long-term financial stability and reliability.
- Sonoco has achieved its 41st consecutive year of increasing its annualized dividend, indicating a strong growth trajectory and shareholder confidence.
- The dividend yield of approximately 4.4 percent is over double that of the S&P 500 Index, highlighting Sonoco's attractiveness to investors seeking income-generating investments.
Potential Negatives
- The announcement of a dividend could indicate that the company may not be reinvesting sufficient funds back into growth or innovation, which could concern investors looking for long-term value.
FAQ
What is the recent dividend declared by Sonoco?
Sonoco has declared a quarterly common stock dividend of $0.52 per share.
When will the Sonoco dividend be paid?
The dividend will be paid on March 10, 2025.
What is the dividend yield of Sonoco's stock?
The dividend yield is approximately 4.4 percent, which is more than double the S&P 500 Index yield.
How long has Sonoco been paying dividends?
Sonoco has paid dividends for 399 consecutive quarters, totaling 99 years since 1925.
What is Sonoco known for?
Sonoco is a global leader in sustainable packaging and serves renowned brands with innovative packaging solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SON Insider Trading Activity
$SON insiders have traded $SON stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $SON stock by insiders over the last 6 months:
- JOHN M FLORENCE (VP, Gnl Council, Secy, CHRO) sold 13,660 shares for an estimated $699,398
- ROBERT R JR HILL has made 0 purchases and 2 sales selling 4,000 shares for an estimated $191,819.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SON Hedge Fund Activity
We have seen 207 institutional investors add shares of $SON stock to their portfolio, and 262 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,663,890 shares (+1252.6%) to their portfolio in Q3 2024, for an estimated $90,898,310
- VICTORY CAPITAL MANAGEMENT INC removed 1,231,076 shares (-91.6%) from their portfolio in Q4 2024, for an estimated $60,138,062
- IMPAX ASSET MANAGEMENT GROUP PLC removed 553,559 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $27,041,357
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 489,461 shares (-52.4%) from their portfolio in Q3 2024, for an estimated $26,739,254
- NORDEA INVESTMENT MANAGEMENT AB added 437,128 shares (+63.2%) to their portfolio in Q4 2024, for an estimated $21,353,702
- DIMENSIONAL FUND ADVISORS LP added 372,247 shares (+14.1%) to their portfolio in Q3 2024, for an estimated $20,335,853
- WELLINGTON MANAGEMENT GROUP LLP added 317,967 shares (+inf%) to their portfolio in Q4 2024, for an estimated $15,532,687
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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
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| Contact: | Roger Schrum | ||
| 843-339-6018 | |||
| [email protected] |
