Sonoco Declares Consistent Dividend Amid Strong Tradition
Hartsville, Tuesday, 18 February 2025.
Sonoco declares a quarterly dividend of $0.52 per share, marking the 399th consecutive quarter of payouts, with an annualized dividend increase for 41 straight years, offering a 4.4% yield.
Dividend Details and Timeline
Sonoco (NYSE: SON), a global leader in consumer packaging and industrial products, has announced its latest quarterly dividend of $0.52 per share [1]. This dividend will be paid on March 10, 2025, to shareholders of record as of February 26, 2025 [1][2]. The announcement represents an annualized dividend of $2.08 per share [2], delivering a substantial yield of approximately 4.4% based on recent stock prices [1][3].
Historical Significance
This declaration marks a significant milestone in Sonoco’s history, representing the company’s 399th consecutive quarter of dividend payments, dating back to 1925 [1]. Even more impressive is that this marks the 41st consecutive year that Sonoco has increased its annualized dividend [1]. The company’s current dividend yield of 4.4% is more than double the dividend yield of the S&P 500 Index [1], demonstrating Sonoco’s commitment to delivering shareholder value.
Financial Position and Market Performance
With a market capitalization of $4.70 billion [4], Sonoco maintains a strong position in the packaging industry. The company’s dividend payout ratio stands at 71.48% based on trailing earnings [2], indicating a sustainable dividend program. The stock currently trades at $47.79 [2], with analysts maintaining a Moderate Buy consensus [4]. The company’s latest financial results show annual net sales of approximately $6.8 billion in 2023, with operations spanning more than 300 locations worldwide [1].
Industry Standing and Future Outlook
As a global leader in high-value, sustainable packaging [1], Sonoco’s dividend policy reflects its stable business model and long-term growth strategy. The company’s commitment to innovation and sustainability, evidenced by its Better Packaging. Better Life™ initiative [1], positions it well in the competitive packaging industry. With a dividend growth rate of 4.77% over the past three years [2], Sonoco continues to demonstrate its ability to generate consistent returns for shareholders while maintaining its market leadership position.