Sonoco Products Company

NYSE SON

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Sonoco Products Company Dividend Coverage Ratio 2 year CAGR for the year ending December 31, 2023

Sonoco Products Company Dividend Coverage Ratio 2 year CAGR is NA for the year ending December 31, 2023. The dividend coverage ratio measures a company's ability to cover its dividend payments with its net income. It is calculated by dividing net income by dividends paid. This ratio indicates the proportion of net income that is allocated to paying dividends. A ratio greater than 1 suggests sufficient income to cover dividend payments, while a ratio less than 1 indicates a potential shortfall. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Sonoco Products Company Dividend Coverage Ratio for the year ending December 31, 2022 was 2.49, a 576.01% change year over year.
  • Sonoco Products Company Dividend Coverage Ratio for the year ending December 31, 2021 was -0.52, a -143.58% change year over year.
  • Sonoco Products Company Dividend Coverage Ratio for the year ending December 31, 2020 was 1.20, a -29.88% change year over year.
  • Sonoco Products Company Dividend Coverage Ratio for the year ending December 31, 2019 was 1.71, a -11.76% change year over year.
NYSE: SON

Sonoco Products Company

CEO Mr. Robert Howard Coker
IPO Date June 11, 1985
Location United States
Headquarters 1 North Second Street, Hartsville, SC, United States, 29550
Employees 22,000
Sector Consumer Cyclical
Industry Packaging & containers
Description

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging products; and uncoated recycled paperboard products. It also offers various packaging materials, including plastic, paper, foam, and other specialty materials. Sonoco Products Company sells its products in various markets, which include paper, textile, film, food, packaging, construction, and wire and cable. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.

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StockViz Staff

September 19, 2024

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