Sonoco Products Company (NYSE:SON) declared quarterly dividend of $ 0.43 per share, or $ 1.72 annualized.
The dividend will be payable on September 10, 2020, to stockholders of record on August 10, 2020, with an ex-dividend date of August 7, 2020.
According to Howard Coker, president and chief executive officer, this is the 381st consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Sonoco has one of the longest records of paying dividends to shareholders in the packaging sector, and the Company has raised dividends for 37 consecutive years.
Dividends History
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Stock Performance
According to the previous trading day, closing price of SON was $ 52.34, representing a 40.32 % increase from the 52 week low of $ 37.30 and a 19.07 % decrease over the 52 week high of $ 64.67.
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The company has a market capital of $ 5.38 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.
