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- Sonoco Products Co (NYSE:SON) has increased its quarterly common stock dividend by about 9% to $0.49 per share from $0.45 per share.
- The new dividend will be paid on June 10, 2022, to shareholders of record as of May 10, 2022.
- With the move, Sonoco's annual dividend payout rises to $1.96 per share from $1.80 per share, an 8.9% increase.
- As of the closing price of Sonoco's common stock on April 19, 2022, the company's dividend provides about a 3% yield, more than double the dividend yield of the S&P 500 Index.
- The company held cash and equivalents of $171.0 million as of December 31, 2021.
- Price Action: SON shares are trading higher by 1.83% at $65.77 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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