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Fly News Breaks for April 24, 2019
SON
Apr 24, 2019 | 08:26 EDT
As previously reported, Argus analyst David Coleman upgraded Sonoco Products to Buy with a price target of $68. The analyst says the stock has outperformed over the past 3 months, benefiting from its "accretive acquisitions, favorable pricing, improvements in productivity, and a lower effective tax rate." Coleman adds that given the pullback in the stock price since the company reported below-consensus Q1 sales, Sonoco Products shares appear to be "favorably valued" at current levels.
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.
