The Board of Directors of Sonoco declared a $.39 per share quarterly common stock dividend, a 5.4% increase from the previous quarterly dividend of $.37 per share.
According to Jack Sanders, president and CEO, this is the 35th consecutive year that Sonoco has grown common stock dividends and the 368th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Over the past three years, Sonoco has increased dividends by a combined 20.5%, or 6.8% per year.
“Today’s dividend increase further demonstrates our 92-year commitment to returning cash to our shareholders,” said Sanders. “I am proud to say that over the past five years, we have returned nearly $900 million to shareholders in the form of dividends and share repurchases.”
Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services.
