Sonoco Products Raises Quarterly Dividend by 1.9%

Dow Jones

2025/04/16

By Colin Kellaher

Sonoco Products' board has raised the packaging company's dividend for a 42nd straight year, bumping up the quarterly payout by 1.9% to 53 cents from 52 cents.

The new quarterly rate, equal to $2.12 a year, represents an annual yield of about 4.83% based on Wednesday's recent trading price of $43.89, up from around 4.74%.

The Hartsville, S.C., company said the increased dividend is payable June 10 to shareholders May 9.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 16, 2025 11:55 ET (15:55 GMT)

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