Sonoco Declares Regular Quarterly Common Stock Dividend
July 20 2022 - 11:19AM
The Board of Directors of Sonoco (NYSE: SON) today declared a $0.49
per share quarterly common stock dividend. This dividend will be
paid on September 9, 2022, to shareholders of record as of August
10, 2022.
According to Howard Coker, president and chief
executive officer, this is the 389th consecutive quarter, dating
back to 1925, that the Company has paid dividends to shareholders.
Based on the closing price of Sonoco’s common stock on July 19,
2022, the Company’s dividend provides an approximately 3.3 percent
yield, which is more than double the dividend yield of the S&P
500 Index. Future quarterly declarations and the establishment of
future record and payment dates are subject to final determination
by Sonoco’s Board of Directors.
About Sonoco Founded in 1899,
Sonoco (NYSE: SON) is a global provider of consumer, industrial,
healthcare and protective packaging. With net sales of $5.6 billion
in 2021, the Company has 22,000 employees working in approximately
300 operations in 32 countries, serving some of the world’s
best-known brands in some 85 nations. Sonoco is committed to
creating sustainable products, services and programs for our
customers, employees and communities that support our corporate
purpose of Better Packaging. Better Life. The Company ranked first
in the Packaging sector on Fortune’s World’s Most Admired Companies
for 2022 as well as being included in Barron’s 100 Most Sustainable
Companies for the third consecutive year. For more information,
visit www.sonoco.com.
Contact:Lisa Weeks+843-383-7524lisa.weeks@sonoco.com
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