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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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