- Sonoco Products Co (NYSE:SON) has increased its quarterly common stock dividend by about 9% to $0.49 per share from $0.45 per share.
- The new dividend will be paid on June 10, 2022, to shareholders of record as of May 10, 2022.
- With the move, Sonoco’s annual dividend payout rises to $1.96 per share from $1.80 per share, an 8.9% increase.
- As of the closing price of Sonoco’s common stock on April 19, 2022, the company’s dividend provides about a 3% yield, more than double the dividend yield of the S&P 500 Index.
- The company held cash and equivalents of $171.0 million as of December 31, 2021.
- Price Action: SON shares are trading higher by 1.83% at $65.77 on the last check Wednesday.
Canaccord Genuity Maintains Buy on Sportradar Gr, Lowers Price Target to $25
Canaccord Genuity analyst Michael Graham maintains Sportradar Gr (NASDAQ:SRAD) with a Buy and lowers the price target from $35 to $25.
