Sonoco Products Co. (SON) Declares Quarterly Dividend of $0.31
Sonoco Products (NYSE:SON) declared a quarterly dividend on Wednesday, February 12th, American Banking and Market News reports. Shareholders of record on Wednesday, February 26th will be given a dividend of 0.31 per share on Monday, March 10th. This represents a $1.24 dividend on an annualized basis and a yield of 2.97%.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Sonoco Products from a “buy” rating to a “neutral” rating in a research note on Friday, January 3rd. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Sonoco Products in a research note on Thursday, December 12th. They now have a $38.00 price target on the stock, up previously from $36.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sonoco Products in a research note on Friday, November 29th. They now have a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.14.
Shares of Sonoco Products (NYSE:SON) traded up 0.07% on Wednesday, hitting $41.73. 125,482 shares of the company’s stock traded hands. Sonoco Products has a one year low of $31.14 and a one year high of $43.75. The stock’s 50-day moving average is $41.71 and its 200-day moving average is $40.02. The company has a market cap of $4.254 billion and a price-to-earnings ratio of 20.75.
Sonoco Products Company (NYSE:SON) is a manufacturer of industrial and consumer packaging products and a provider of packaging services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.