{"id":42434,"date":"2023-11-05T14:40:09","date_gmt":"2023-11-05T14:40:09","guid":{"rendered":"https:\/\/innodebt.com\/markets\/stocks\/sonoco-products-nears-ex-dividend-date-with-0-51-per-share-payout\/"},"modified":"2023-11-05T14:40:11","modified_gmt":"2023-11-05T14:40:11","slug":"sonoco-products-nears-ex-dividend-date-with-0-51-per-share-payout","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=42434","title":{"rendered":"Sonoco Products nears ex-dividend date with $0.51 per share payout"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Sonoco Products (NYSE:) Company is approaching its ex-dividend date, after which any purchases of the company’s shares won’t be eligible for the forthcoming dividend. The upcoming dividend, set at $0.51 per share, is due to be paid out on December 8th.<\/p>\n

The significance of this ex-dividend date is underscored by its influence on shareholders’ eligibility for dividends. Over the past year, Sonoco has distributed a total of $2.04 per share in dividends. This payout has contributed to a trailing yield of 3.7% at the current stock price of $55.11, highlighting the dividend’s impact on the company’s stock price.<\/p>\n

The sustainability of Sonoco’s dividend is supported by a conservative payout ratio of 40% from the company’s profits and a 43% distribution from its free cash flow. This indicates that the company has been able to maintain its dividend payouts without overextending its financial resources.<\/p>\n

InvestingPro Insights<\/h2>\n

InvestingPro’s real-time data reveals Sonoco Products Company’s market capitalization is at 5400M USD with an adjusted P\/E ratio of 10.01 as of Q3 2023. The company has also shown a significant return over the last week, which aligns with a 8.85% 1 week price total return. The InvestingPro data also highlights a 3.7% dividend yield, which is consistent with the trailing yield mentioned in the article.<\/p>\n

InvestingPro Tips further illuminate Sonoco’s financial health. The company has consistently increased its earnings per share and has maintained a commendable track record of raising its dividend for 41 consecutive years. This supports the article’s emphasis on the sustainability of Sonoco’s dividends.<\/p>\n

For readers interested in a deeper financial analysis, InvestingPro provides several additional tips and metrics related to Sonoco. This includes details on the company’s valuation, earnings growth, and more.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Sonoco Products (NYSE:) Company is approaching its ex-dividend date, after which any purchases of the company’s shares won’t be eligible for the forthcoming dividend. The upcoming dividend, set at $0.51 per share, is due to be paid out on December 8th. The significance of this ex-dividend date is underscored by its influence on […]<\/p>\n","protected":false},"author":1,"featured_media":10630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-42434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nSonoco Products nears ex-dividend date with $0.51 per share payout | Innodebt<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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