Sonoco Products Company (NYSE:SON – Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.54 per share by the industrial products company on Thursday, December 10th. This represents a $2.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, November 10th.
Sonoco Products has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sonoco Products to earn $5.84 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 37.0%.
Sonoco Products Stock Down 1.7%
SON stock opened at $50.50 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.18 and a quick ratio of 0.67. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -21.96, a PEG ratio of 1.73 and a beta of 0.37. The business’s fifty day moving average price is $49.93 and its two-hundred day moving average price is $52.44. Sonoco Products has a fifty-two week low of $39.27 and a fifty-two week high of $60.67.
Sonoco Products (NYSE:SON – Get Free Report) last announced its earnings results on Wednesday, October 21st. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.07). Sonoco Products had a negative net margin of 3.08% and a positive return on equity of 16.40%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Sonoco Products will post 5.41 earnings per share for the current year.
About Sonoco Products
Sonoco Products Company is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it has developed from a producer of paper cones for the textile industry into a diversified provider of packaging solutions serving consumer, industrial and commercial customers.
The company manufactures a broad range of products, including composite cans and tubes, paperboard packaging, flexible packaging, thermoformed packaging, rigid plastic containers, protective packaging and packaging components.
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