Sonoco Declares Regular Quarterly Common Stock Dividend
October 16 2017 - 12:30PM
The Board of Directors of Sonoco (NYSE:SON) today declared a $.39
per share quarterly common stock dividend. The dividend will be
paid on December 8, 2017, to shareholders of record as of November
10, 2017.
According to Jack Sanders, president and chief executive
officer, this is the 370th consecutive quarter, dating back to
1925, that the Company has paid dividends to shareholders.
Over the past three years, Sonoco has increased dividends by a
combined 20.5 percent, or 6.8 percent per year. Sonoco’s dividend
yield is one of the highest payouts provided by any U.S. packaging
company and is about 45 percent higher than the dividend yield of
the S&P 500.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of
consumer packaging, industrial products, protective packaging, and
displays and packaging supply chain services. With annualized net
sales of approximately $4.8 billion, the Company has 20,000
employees working in more than 300 operations in 33 countries,
serving some of the world’s best known brands in some 85 nations.
For more information on the Company, visit our website at
www.sonoco.com.
Contact: Roger Schrum
+843-339-6018
roger.schrum@sonoco.com
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