Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
HARTSVILLE, S.C., April 19, 2017 -- The Board of Directors of Sonoco (NYSE:SON) today declared a $.39 per share quarterly common stock dividend, a 5.4 percent increase from the previous quarterly dividend of $.37 per share. The dividend will be paid on June 9, 2017, to shareholders of record as of May 12, 2017.
According to Jack Sanders, president and chief executive officer, this is the 35th consecutive year that Sonoco has grown common stock dividends and the 368th consecutive quarter, dating back to 1925, that the Company has paid dividends to shareholders. Over the past three years, Sonoco has increased dividends by a combined 20.5 percent, or 6.8 percent per year.
“Today’s dividend increase further demonstrates our 92-year commitment to returning cash to our shareholders,” said Sanders. “I am proud to say that over the past five years, we have returned nearly $900 million to shareholders in the form of dividends and share repurchases.”
Sonoco’s projected annualized dividend of $1.56 per share provides a yield of approximately 3.0 percent, based on the Company’s closing stock price of $51.45 on April 18, 2017. Sonoco’s dividend yield is one of the highest payouts provided by any U.S. packaging company and is about 45 percent higher than the dividend yield of the S&P 500.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $4.8 billion, the Company has 20,000 employees working in more than 300 operations in 33 countries, serving some of the world’s best known brands in some 85 nations. For more information on the Company, visit our website at www.sonoco.com.
Contact: Roger Schrum +843-339-6018 [email protected]
