Sonoco Announces 41st Consecutive Year of Increased Dividends

By Linda Casey

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.

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Linda Casey Author's page

As editor-in-chief of Packaging Impressions — the leading publication and online content provider for the printed packaging markets — Linda Casey leverages her experience in the packaging, branding, marketing, and printing industries to deliver content that label and package printers can use to improve their businesses and operations.

Prior to her role at Packaging Impressions, Casey was editor-in-chief of BXP: Brand Experience magazine, which celebrated brand design as a strategic business competence. Her body of work includes deep explorations into a range of branding, business, packaging, and printing topics.

Casey’s other passion, communications, has landed her on the staffs of a multitude of print publications, including Package Design, Converting, Packaging Digest, Instant & Small Commercial Printer, High Volume Printing, BXP: Brand Experience magazine, and more. Casey started her career more than three decades ago as news director for WJAM, a youth-oriented music-and-news counterpart to WGCI and part of the Chicago-based station’s AM band presence.