Sonoco Products Company (NYSE:SON) Announces Quarterly Dividend of $0.54

Sonoco Products Company (NYSE:SON) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 10th will be paid a dividend of 0.54 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, August 10th.

Sonoco Products has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 43 years. 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 $6.47 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 33.4%.

Sonoco Products Stock Performance

Shares of NYSE SON opened at $53.74 on Thursday. The company’s fifty day moving average price is $51.33 and its 200 day moving average price is $51.47. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $58.44. The company has a market capitalization of $5.31 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 1.12 and a beta of 0.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.96.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, research analysts predict that Sonoco Products will post 5.81 earnings per share for the current year.

Insider Activity

In related news, CFO Paul Joachimczyk purchased 8,058 shares of Sonoco Products stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the transaction, the chief financial officer directly owned 28,558 shares in the company, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James A. Harrell III acquired 6,753 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the completion of the acquisition, the insider owned 10,070 shares in the company, valued at $507,225.90. The trade was a 203.59% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC increased its position in Sonoco Products by 3.9% during the first quarter. Baker Ellis Asset Management LLC now owns 5,307 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 201 shares during the last quarter. Powell Investment Advisors LLC boosted its holdings in Sonoco Products by 1.0% in the 4th quarter. Powell Investment Advisors LLC now owns 20,718 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 203 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Sonoco Products by 8.6% in the 4th quarter. IFP Advisors Inc now owns 2,996 shares of the industrial products company’s stock valued at $131,000 after buying an additional 237 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Sonoco Products by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the industrial products company’s stock valued at $134,000 after buying an additional 249 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock worth $26,000 after buying an additional 258 shares during the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Sonoco Products Company Profile

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.