Sonoco Products Company (SON) to Distribute Quarterly Dividend of $0.54 on September 10th

Sonoco Products Company (NYSE:SON) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 10th will be given a dividend of 0.54 per share by the industrial products company on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th.

Sonoco Products has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 43 years. Sonoco Products has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sonoco Products to earn $6.40 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 33.8%.

Sonoco Products Stock Performance

Shares of SON opened at $56.16 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.55 billion, a P/E ratio of 5.51, a P/E/G ratio of 1.17 and a beta of 0.37. The business’s 50 day moving average price is $51.42 and its 200-day moving average price is $51.56. Sonoco Products has a 52 week low of $38.65 and a 52 week high of $58.44.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities research analysts anticipate that Sonoco Products will post 5.79 earnings per share for the current fiscal year.

About Sonoco Products

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.