Sonoco Announces 41st Consecutive Year of Increased Dividends

Self-proclaimed planet- and people-first packaging manufacturer Sonoco has declared a $0.52 per share quarterly common stock dividend. This dividend will be paid on March 10, 2025, to shareholders of record as of February 26, 2025.

According to Sonoco President and Chief Executive Officer Howard Coker, this is the 399th consecutive quarter and 99th year dating back to 1925, Sonoco has paid dividends to shareholders and is the 41st consecutive year Sonoco has increased its annualized dividend. Based on the closing price of Sonoco’s common stock on February 11, 2025, the Company’s dividend provides an approximate 4.4 percent yield, which is more than double the dividend yield of the S&P 500 Index.

The company, which began as Southern Novelty Company in Hartsville, South Carolina, employs 22,000 employees working in 300-plus operations around the world. Sonoco’s philanthropic arm Sonoco Foundation donated approximately $2 million in 2022 to nonprofits worldwide, and more than half of the donations went to college scholarships to company employees and the communities within which they work. At time of publication, Sonoco also published a statement of diversity, equity, and inclusion (DE&I) and sponsored a DE&I Council and subgroups such as Black Employees @ Sonoco, LGBTQ+, Women @ Sonoco, Young Professionals, Military Professionals, and Sonoco Caregivers.