Sonoco Products Company (SON) to Issue Quarterly Dividend of $0.53 on March 10th

Sonoco Products Company (NYSE:SON) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, February 25th will be paid a dividend of 0.53 per share by the industrial products company on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, February 25th.

Sonoco Products has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Sonoco Products has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sonoco Products to earn $6.85 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 30.9%.

Sonoco Products Price Performance

SON stock opened at $56.48 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.05 and a quick ratio of 0.60. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $58.44. The firm has a 50-day moving average of $47.88 and a 200 day moving average of $44.81. The company has a market cap of $5.57 billion, a P/E ratio of 5.61, a PEG ratio of 1.13 and a beta of 0.54.

Sonoco Products (NYSE:SON) last posted its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts forecast that Sonoco Products will post 6.1 EPS for the current 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.