Sonoco (NYSE: SON) declared a quarterly dividend of $0.39 per share, or $1.56 annualized. This is a 5.4% increase from the prior dividend of $0.37.

The dividend will be payable on June 9, 2017, to stockholders of record on May 12, 2017, with an ex-dividend date of May 10, 2017.

The annual yield on the dividend is 3 percent.

“Today’s dividend increase further demonstrates our 92-year commitment to returning cash to our shareholders,” said Sanders. “I am proud to say that over the past five years, we have returned nearly $900 million to shareholders in the form of dividends and share repurchases.”

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