Sonoco (SON) Tops Q1 EPS by 5c, Revenues Miss; Raises FY19 EPS Mid-Point Guidance Above Consensus

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Go back to Sonoco (SON) Tops Q1 EPS by 5c, Revenues Miss; Raises FY19 EPS Mid-Point Guidance Above Consensus

Sonoco (SON) Raises Quarterly Dividend 4.9% to $0.43; 2.8% Yield

April 17, 2019 11:54 AM EDT

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... More

UPDATE: Vertical Research Downgrades Sonoco Products (SON) to Sell

April 16, 2019 8:50 AM EDT

(Updated - April 16, 2019 8:54 AM EDT)

(updated to correct firm name)

Vertical Research analyst Chip Dillon downgraded Sonoco Products (NYSE: SON) from Hold to Sell with a price target of $54.00.

Sees the risk/reward skewed negatively.

For an... More