Sonoco (NYSE: SON) declared a quarterly dividend of $0.43 per share, or $1.72 annualized. This is a 4.9% increase from the prior dividend of $0.41. The dividend will be payable on June 10, 2019, to stockholders of record on May 10, 2019, with an ex-dividend date of May 9, 2019. The annual yield on the dividend is 2.8 percent.

According to Rob Tiede, president and chief executive officer, this is the 37th consecutive year that Sonoco has grown common stock dividends and the 376th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders.

“Given our strong cash flow projections and capital structure, Sonoco is in solid financial shape entering 2019, which provides us tremendous flexibility to achieve our targeted growth goal,” said Tiede. “Today’s dividend increase reflects our confidence in our continued earnings growth and our 94-year commitment to returning cash to our shareholders. Over the past five years, Sonoco has returned more than $950 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.