UPDATE: Sonoco (SON) Raises Quarterly Dividend 8.9% to $0.49; 3% Yield

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Go back to UPDATE: Sonoco (SON) Raises Quarterly Dividend 8.9% to $0.49; 3% Yield

Sonoco Increases Quarterly Common Stock Dividend

April 20, 2022 12:00 PM EDT

HARTSVILLE, S.C., April 20, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend by approximately 9 percent to $0.49 per share from the previous quarterly distribution of $0.45 per share. This new dividend will be paid on June 10, 2022, to shareholders of record as of May 10, 2022.

With this increase, Sonocos annual dividend payout moves to $1.96 per share from $1.80 per share, a 8.9 percent increase. Future quarterly declarations and the establishment of future... More