Sonoco Products Company (SON) to Distribute Quarterly Dividend of $0.54 on September 10th

Sonoco Products Company (NYSE:SON) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, August 10th will be given 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 3.7%. The ex-dividend date of this dividend is Monday, August 10th.

Sonoco Products has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 43 years. Sonoco Products has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sonoco Products to earn $6.36 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 34.0%.

Sonoco Products Stock Performance

Shares of SON opened at $57.97 on Friday. The company’s 50 day moving average price is $54.02 and its 200 day moving average price is $52.75. Sonoco Products has a 52 week low of $38.65 and a 52 week high of $60.67. The company has a market capitalization of $5.73 billion, a PE ratio of 9.22, a PEG ratio of 1.21 and a beta of 0.37. 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 released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.50%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Research analysts expect that Sonoco Products will post 5.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SON shares. Bank of America increased their price objective on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. UBS Group lowered their target price on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Weiss Ratings raised Sonoco Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Robert W. Baird cut their price target on Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Sonoco Products has an average rating of “Hold” and a consensus price target of $61.78.

About Sonoco Products

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.