Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

April 20, 2022, 12:35 p.m. EDT

Sonoco Products raises dividend, boosting yield to more than double that of the S&P 500

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Sonoco Products Co. (SON)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Sonoco Products Co. /zigman2/quotes/201691559/composite SON -2.22% rose 1.2% in midday trading Wednesday, after the protective packaging company said it raised its quarterly dividend by 8.8%, to 49 cents a share from 45 cents. The new dividend is payable Jun 10 to shareholders of record on May 10. Based on current stock prices, the new annual dividend rates implies a dividend yield of 3.00%, compared with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.72% of 1.42%. The company said the next dividend payment will be the 388th-consecutive quarter, going back to 1925, that it has paid a dividend, and will mark the 40th-straight year that the dividend was raised. The stock has rallied 12.9% year to date, while the S&P 500 has lost 6.2%.

/zigman2/quotes/201691559/composite
US : U.S.: NYSE
$ 56.82
-1.29 -2.22%
Volume: 735,488
Sept. 23, 2022 4:00p
P/E Ratio
13.27
Dividend Yield
3.45%
Market Cap
$5.54 billion
Rev. per Employee
$318,824
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,693.23
-64.76 -1.72%
Volume: 2.22B
Sept. 23, 2022 5:04p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.