Sonoco Products Company (NYSE:SON) Shares Will Pay Quarterly Dividend of $0.54

Sonoco Products Company (NYSE:SON) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.54 per share by the industrial products company on Thursday, December 10th. This represents a $2.16 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, November 10th.

Sonoco Products has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sonoco Products to earn $6.16 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 35.1%.

Sonoco Products Price Performance

SON stock traded up $0.38 during midday trading on Wednesday, hitting $51.21. 332,645 shares of the stock were exchanged, compared to its average volume of 1,150,309. The stock’s 50-day moving average price is $51.82 and its 200-day moving average price is $52.60. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.28 and a beta of 0.35. Sonoco Products has a fifty-two week low of $38.65 and a fifty-two week high of $60.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.99.

Sonoco Products (NYSE:SON) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 8.41%. Sonoco Products’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Research analysts predict that Sonoco Products will post 5.68 earnings per share for the current year.

About Sonoco Products

Sonoco Products Company is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it has developed from a producer of paper cones for the textile industry into a diversified provider of packaging solutions serving consumer, industrial and commercial customers.

The company manufactures a broad range of products, including composite cans and tubes, paperboard packaging, flexible packaging, thermoformed packaging, rigid plastic containers, protective packaging and packaging components.