Dividend Growth of Sonoco Products Company(SON)

Sonoco Products Company(SON) is having a Dividend Yield of 2.77% with the Annual cash Dividend per share of $1.46. The last quarter cash dividend per share pay out was $0.37. Sonoco Products Company has a 5 year average dividend yield of 3.28% and the stock has a Indicated annual dividend of $1.48. Sonoco Products Company(SON) formally announced its most recent dividend on February 9, 2017 with a Dividend per share of $0.37. The new indicated annual dividend based on announced dividend per share is $1.48. The dividend yield based on the forward looking indicated annual dividend is 2.77%. Sonoco Products Company(SON) has the most recent dividend payout ratio of 0.54 with a 5-year average payout ratio of 0.54. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.01. The 5 year historical dividend growth of Sonoco Products Company(SON) is at the rate of 5.32% while the R-Squared dividend growth is 0.92. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Sonoco Products Company (NYSE:SON) rose 0.34% or 0.18 points on Thursday and made its way into the gainers of the day. After trading began at $53.49 the stock was seen hitting $53.92 as a peak level and $53.44 as the lowest level. The stock ended up at $53.68. The daily volume was measured at 622,404 shares. The 52-week high of the share price is $55.58 and the 52-week low is $40.93. The company has a market cap of $5,360 million. Shares of Sonoco Products Company appreciated by 1.57% during the last five trading days but lost 0.28% on a 4-week basis. Sonoco Products Company is up 0.94% in the last 3-month period. Year-to-Date the stock performance stands at 1.86%.

Currently the company Insiders own 1.9% of Sonoco Products Company shares according to the proxy statements. Institutional Investors own 69.86% of Sonoco Products Company shares. Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Roger P Schrum (VP Invstr Rel & Corp Affairs) sold 884 shares at 55.00 per share price.On Nov 8, 2016, Kevin P Mahoney (SR VP CORP. PLANNING) sold 212 shares at 50.57 per share price.On Nov 8, 2016, John E Linville (director) sold 54,000 shares at 50.47 per share price.

Sonoco Products Co Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.63. The company had revenue of $1142.20 million for the quarter, compared to analysts expectations of $1190.67 million. The companys revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Sonoco is one of the worlds largest manufacturers of packaging materials for industrial and consumer markets. In addition, the company is one of the leading producers of recycled paperboard, utilizing more than a million tons of recovered paper annually in its papermaking operations. Sonoco products are used by many of the worlds leading industries, including food processing, beverages, textiles, supermarkets, plastics, papermaking, pharmaceuticals, material converting, material handling, agriculture, personal care, health care and many others.


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