Sonoco Products Company's Board of Directors has increased its quarterly common stock dividend to $0.53 per share, up from the previous $0.52 per share. This decision was announced as the company celebrated its 100th consecutive year of paying dividends to shareholders at its annual meeting.
The new quarterly dividend will be paid on June 10, 2025, to shareholders of record as of May 9, 2025. This marks the 42nd consecutive year that Sonoco has increased its annualized dividend, demonstrating a consistent commitment to shareholder returns.
With this increase, Sonoco's annual dividend payout will rise to $2.12 per share, up from $2.08 per share. CEO Howard Coker stated that the company's goal is to increase long-term profitability and return capital to shareholders, noting approximately $1.7 billion in operating cash flow generated over the past two years.
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