Sonoco (SON) Raises Quarterly Dividend 5.7% to $0.37; 3% Yield

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Go back to Sonoco (SON) Raises Quarterly Dividend 5.7% to $0.37; 3% Yield

Sonoco Increases Common Stock Dividend by Nearly 6 Percent

April 20, 2016 11:50 AM EDT

HARTSVILLE, S.C., April 20, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today declared a $.37 per share quarterly common stock dividend, a 5.7 percent increase from the previous quarterly dividend of $.35 per share. The dividend will be paid on June 10, 2016, to shareholders of record as of May 13, 2016.

According to Jack Sanders, president and chief executive officer, this is the 34th consecutive year that Sonoco has raised common stock dividends and the 364th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. If annualized, Sonocos new dividend... More