Sonoco Products Company

NYSE SON

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Sonoco Products Company Dividend Payout Ratio for the year ending December 31, 2023: 41.56%

Sonoco Products Company Dividend Payout Ratio is 41.56% for the year ending December 31, 2023, a 3.62% change year over year. The dividend payout ratio measures the percentage of a company's net income that is distributed as dividends to shareholders. It is calculated by dividing dividends paid by net income. This ratio provides insights into the portion of earnings that is returned to shareholders in the form of dividends. A higher ratio indicates a larger proportion of earnings being paid out as dividends.
  • Sonoco Products Company Dividend Payout Ratio for the year ending December 31, 2022 was 40.11%, a 121.01% change year over year.
  • Sonoco Products Company Dividend Payout Ratio for the year ending December 31, 2021 was -190.93%, a -329.46% change year over year.
  • Sonoco Products Company Dividend Payout Ratio for the year ending December 31, 2020 was 83.21%, a 42.60% change year over year.
  • Sonoco Products Company Dividend Payout Ratio for the year ending December 31, 2019 was 58.35%, a 13.33% 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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September 20, 2024

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