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Fly News Breaks for February 18, 2020
SON
Feb 18, 2020 | 07:22 EDT
Argus analyst David Coleman downgraded Sonoco to Hold from Buy after its Q4 earnings miss and lowered FY20 guidance reflecting the impact of coronavirus and lower prices for corrugated medium, along with weaker demand for paper. The analyst believes that a neutral rating is more appropriate given the current company and industry challenges, though he remains positive on the stock over the long term and intends to monitor the industry conditions for signs of improving fundamentals.
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.
