Sonoco (SON) Raises Quarterly Dividend 9.4% to $0.35; 3.1% Yield

Sonoco (NYSE: SON) declared a quarterly dividend of $0.35 per share, or $1.4 annualized. This is a 9.4% increase from the prior dividend of $0.32.

The dividend will be payable on June 10, 2015, to stockholders of record on May 16, 2015, with an ex-dividend date of May 13, 2015.

The annual yield on the dividend is 3.1 percent.

According to Jack Sanders, president and chief executive officer, this is the 33rd consecutive year that Sonoco has raised common stock dividends and marks 360 consecutive quarters, dating back to 1925, that the Company has paid dividends to shareholders. If annualized, Sonoco's new dividend is projected to increase from $1.28 to $1.40 per share.

For a dividend history and other dividend-related data on Sonoco (SON) click here.

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