Sonoco Products Company, together with its subsidiaries, manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through two segments: Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management. The Industrial Paper Packaging segment provides fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal, and composite wire and cable, as well as reels and spools; and recycled paperboard, corrugating medium, recovered paper, and material recycling services. Sonoco Products Company offers thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools, and parts; retail security packaging, including printed backer cards, thermoformed blisters, and heat-sealing equipment; and paper amenities. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
Sonoco Products Dividend Announcement
• Sonoco Products announced a quarterly dividend of $0.52 per ordinary share which will be made payable on 2024-12-10. Ex dividend date: 2024-11-08
• Sonoco Products annual dividend for 2024 was $2.07
• Sonoco Products annual dividend for 2023 was $2.02
• Sonoco Products's trailing twelve-month (TTM) dividend yield is 3.99%
• Sonoco Products's payout ratio for the trailing twelve months (TTM) is 70.22%
• Sonoco Products's dividend growth over the last five years (2018-2023) was 4.51% year
• Sonoco Products's dividend growth over the last ten years (2013-2023) was 5.09% year
Sonoco Products Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-08 | $0.52 | quarterly | 2024-12-10 |
| 2024-08-09 | $0.52 | quarterly | 2024-09-10 |
| 2024-05-09 | $0.52 | quarterly | 2024-06-10 |
| 2024-02-27 | $0.51 | quarterly | 2024-03-08 |
| 2023-11-09 | $0.51 | quarterly | 2023-12-08 |
| 2023-08-09 | $0.51 | quarterly | 2023-09-08 |
| 2023-05-09 | $0.51 | quarterly | 2023-06-09 |
| 2023-02-21 | $0.49 | quarterly | 2023-03-10 |
| 2022-11-09 | $0.49 | quarterly | 2022-12-09 |
| 2022-08-09 | $0.49 | quarterly | 2022-09-09 |
| 2022-05-09 | $0.49 | quarterly | 2022-06-10 |
| 2022-02-22 | $0.45 | quarterly | 2022-03-10 |
| 2021-11-09 | $0.45 | quarterly | 2021-12-10 |
| 2021-08-09 | $0.45 | quarterly | 2021-09-10 |
| 2021-05-07 | $0.45 | quarterly | 2021-06-10 |
| 2021-02-23 | $0.45 | quarterly | 2021-03-10 |
| 2020-11-09 | $0.43 | quarterly | 2020-12-10 |
| 2020-08-07 | $0.43 | quarterly | 2020-09-10 |
| 2020-05-07 | $0.43 | quarterly | 2020-06-10 |
| 2020-02-25 | $0.43 | quarterly | 2020-03-10 |
| 2019-11-07 | $0.43 | quarterly | 2019-12-10 |
| 2019-08-08 | $0.43 | quarterly | 2019-09-10 |
| 2019-05-09 | $0.43 | quarterly | 2019-06-10 |
| 2019-02-26 | $0.41 | quarterly | 2019-03-08 |
| 2018-11-08 | $0.41 | quarterly | 2018-12-10 |
| 2018-08-09 | $0.41 | quarterly | 2018-09-10 |
| 2018-05-10 | $0.41 | quarterly | 2018-06-08 |
| 2018-02-27 | $0.39 | quarterly | 2018-03-09 |
| 2017-11-09 | $0.39 | quarterly | 2017-12-08 |
| 2017-08-09 | $0.39 | quarterly | 2017-09-08 |
| 2017-05-10 | $0.39 | quarterly | 2017-06-09 |
| 2017-02-17 | $0.37 | quarterly | 2017-03-10 |
| 2016-11-08 | $0.37 | quarterly | 2016-12-09 |
| 2016-08-10 | $0.37 | quarterly | 2016-09-09 |
| 2016-05-11 | $0.37 | quarterly | 2016-06-10 |
| 2016-02-22 | $0.35 | quarterly | 2016-03-10 |
| 2015-11-10 | $0.35 | quarterly | 2015-12-10 |
| 2015-08-12 | $0.35 | quarterly | 2015-09-10 |
| 2015-05-13 | $0.35 | quarterly | 2015-06-10 |
| 2015-02-23 | $0.32 | quarterly | 2015-03-10 |
| 2014-11-12 | $0.32 | quarterly | 2014-12-10 |
| 2014-08-13 | $0.32 | quarterly | 2014-09-10 |
| 2014-05-14 | $0.32 | quarterly | 2014-06-10 |
| 2014-02-24 | $0.31 | quarterly | 2014-03-10 |
| 2013-11-13 | $0.31 | quarterly | 2013-12-10 |
| 2013-08-14 | $0.31 | quarterly | 2013-09-10 |
| 2013-05-15 | $0.31 | quarterly | 2013-06-10 |
| 2013-02-25 | $0.30 | quarterly | 2013-03-08 |
Sonoco Products Dividend per year
Sonoco Products Dividend growth
Sonoco Products Dividend Yield
Sonoco Products current trailing twelve-month (TTM) dividend yield is 3.99%. Interested in purchasing Sonoco Products stock? Use our calculator to estimate your expected dividend yield:
Sonoco Products Financial Ratios
P/E ratio17.70
PEG ratio-7.86
P/B ratio2.06
ROE11.79%
Payout ratio70.22%
Current ratio2.36
Quick ratio1.91
Cash Ratio1.15
Sonoco Products Dividend FAQ
How much is the next Sonoco Products dividend?
Sonoco Products's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Sonoco Products dividend. The next Sonoco Products dividend will be released in February, May, August, or November.
When is Sonoco Products dividend paid?
Sonoco Products pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Sonoco Products pay?
The specific amount of Sonoco Products dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sonoco Products's dividend history.
Does Sonoco Products stock pay dividends?
Yes, Sonoco Products does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sonoco Products's dividend history.
How much dividend does Sonoco Products pay?
Sonoco Products paid $2.07 in 2024, $2.02 in 2023, $1.92 in 2022, $1.8 in 2021, and $1.72 in 2020.
How often does Sonoco Products pay dividends?
Sonoco Products typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Sonoco Products's dividend yield?
The current dividend yield for Sonoco Products is 3.99%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Sonoco Products's exact dividend yield.
When does Sonoco Products go ex dividend?
Sonoco Products's ex-dividend date for the latest dividend was on 2024-11-08. Sonoco Products typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Sonoco Products dividend paid?
Sonoco Products pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Sonoco Products increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Sonoco Products will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Sonoco Products dividend per share?
Sonoco Products paid $2.07 per share in 2024 and $2.02 per share in 2023. The amount of dividend per share that Sonoco Products pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Sonoco Products a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Sonoco Products a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Sonoco Products a dividend stock?
Yes, Sonoco Products is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sonoco Products a good dividend stock?
Whether Sonoco Products is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Sonoco Products has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Sonoco Products as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Sonoco Products as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Sonoco Products pay dividends monthly?
Sonoco Products typically pays dividends on a quarterly basis.
Does Sonoco Products pay dividends quarterly?
Sonoco Products currently pays dividends on a quarterly basis.
Has Sonoco Products ever paid a dividend?
Yes, Sonoco Products has a history of paying dividends to its shareholders. Sonoco Products is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sonoco Products dividend stocks?
To buy Sonoco Products you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Sonoco Products stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Sonoco Products stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Sonoco Products pay dividends 2024?
Sonoco Products pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Sonoco Products increase its dividend in 2024?
Decisions regarding Sonoco Products dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Sonoco Products dividend overview you can look into the above table of dividend history.
How Sonoco Products dividend works?
The Sonoco Products dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Sonoco Products's dividend process works:
1. Determination of Dividend: Sonoco Products's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sonoco Products publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sonoco Products distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sonoco Products are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Sonoco Products's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sonoco Products publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sonoco Products distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sonoco Products are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Sonoco Products dividends paid?
Sonoco Products dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Sonoco Products sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sonoco Products distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sonoco Products declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Sonoco Products sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sonoco Products distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sonoco Products declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Sonoco Products pay dividends?
Sonoco Products typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Sonoco Products pay dividends?
The general pattern is that Sonoco Products pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Sonoco Products dividend safe?
The safety of Sonoco Products's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Sonoco Products's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sonoco Products's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Sonoco Products's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sonoco Products's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.