Sonoco Increases Quarterly Dividend to $0.54, Up 2%

Sonoco Products Company's Board of Directors approved a 2% increase in its quarterly common stock dividend, raising it to $0.54 per share from $0.53. This marks the 43rd consecutive year of dividend increases and the 404th consecutive quarter of dividend payments. The new annual payout will be $2.16 per share, offering an approximate 3.9% yield, double that of the S&P 500 Index. The company emphasizes its commitment to returning capital to shareholders, having generated over $3 billion in operating cash flow and returned $1.2 billion through dividends and share repurchases over the past five years.