NYSE:SONPackaging
Sonoco (SON) Extends 43 Year Dividend Streak While Debt Questions Linger
Sonoco Products (NYSE:SON) has extended its 43-year streak of annual dividend growth.
The company is reducing debt through divestitures while still carrying an elevated leverage ratio.
Management continues to emphasize confidence in the current direction despite ongoing balance sheet pressure.
Sonoco Products offers investors a mix of income and recent share price strength, with NYSE:SON at $53.54 and up 20.7% year to date and 28.5% over the past year. The stock has also gained 5.7% over...