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Fly News Breaks for November 23, 2015
SON
Nov 23, 2015 | 07:05 EDT
Macquarie upgraded Sonoco to Outperform and raised its price target on shares to $50 from $42. Analyst Danny Moran believes growth potential in Sonoco's Consumer Packaging business is under-appreciated and sees upside to the company's 2% volume growth target. Additionally, Moran said start-up costs from capital projects in 2015 weighed down productivity and said easier comps and potential operating leverage could result in upside for the segment.
News For SON From the Last 2 Days
SON
Apr 17, 2024 | 10:51 EDT
The Board of Directors of Sonoco increased its quarterly common stock dividend to 52c per share from the previous quarterly distribution of 51c per share. This new dividend will be paid on June 10, 2024, to shareholders of record as of May 10, 2024. With this increase, Sonoco's annualized dividend payout moves to $2.08 per share. Future quarterly declarations and the establishment of future record and payment dates are subject to final determination by Sonoco's Board of Directors.
