Sonoco Products Dividend
Dividend criteria checks 5/6
Sonoco Products is a dividend paying company with a current yield of 3.63% that is well covered by earnings. Next payment date is on 10th June, 2024 with an ex-dividend date of 9th May, 2024.
Key information
3.6%
Dividend yield
42%
Payout ratio
| Industry average yield | 2.5% |
| Next dividend pay date | 10 Jun 24 |
| Ex dividend date | 09 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$4.83 |
| Dividend yield forecast in 3Y | 3.7% |
Recent dividend updates
Recent updates
Sonoco Products: Mixed Outlook Due To Destocking And Inflation
Mar 06Sonoco Products (NYSE:SON) Has A Somewhat Strained Balance Sheet
Jan 23
Is Sonoco Products Company (NYSE:SON) Trading At A 40% Discount?
Jan 03Sonoco Products Should Benefit From Lower Inventories In 2024
Dec 20Sonoco Seems Cheap Considering The Risk Level
Oct 10We Think Sonoco Products (NYSE:SON) Is Taking Some Risk With Its Debt
Sep 22Does Sonoco Products (NYSE:SON) Deserve A Spot On Your Watchlist?
Aug 20Sonoco Products: Packaging Powerhouse With Promising Prospects
Aug 02Are Investors Undervaluing Sonoco Products Company (NYSE:SON) By 28%?
Jul 08Is Sonoco Products (NYSE:SON) Using Too Much Debt?
May 08Is There An Opportunity With Sonoco Products Company's (NYSE:SON) 24% Undervaluation?
Mar 30Still Avoiding Sonoco Products
Feb 24Sonoco Products declares $0.49 dividend
Feb 09Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Feb 02Northstar Recycling acquires Sonoco Sustainability Solutions
Jan 31Sonoco Products: Improving Free Cash Flow, Solid Dividend Growth Value Stock
Dec 16Sonoco Products Q3 2022 Earnings Preview
Oct 30Sonoco Products declares $0.49 dividend
Oct 19Sonoco Products: Solid Performance
Oct 05Sonoco ThermoSafe & United Airlines' cargo arm sign global master lease agreement
Sep 26Sonoco ThermoSafe & American Airlines' cargo arm sign global master lease agreement
Sep 08Sonoco unit to hike tube, core prices in EMEA due to inflationary pressure
Aug 30Sonoco Products Company: Expect Strength To Continue
Jul 27Sonoco Products declares $0.49 dividend
Jul 20Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Jul 20Sonoco Thermosafe and Turkish Cargo sign global master lease agreement
Jul 14Sonoco expands residential recycling of paper cups to its South Carolina mill
Jul 05Continuing To Avoid Sonoco Products
May 13Sonoco Products (NYSE:SON) Is Paying Out A Larger Dividend Than Last Year
Apr 28Is Sonoco Products (NYSE:SON) Using Too Much Debt?
Apr 17Sonoco Products: An Attractive Prospect In Packaging
Mar 24Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SON's dividends per share have been stable in the past 10 years.
Growing Dividend: SON's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Sonoco Products Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SON) | 3.6% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Packaging) | 2.5% |
| Analyst forecast in 3 Years (SON) | 3.7% |
Notable Dividend: SON's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: SON's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.8%), SON's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (38.6%), SON's dividend payments are well covered by cash flows.