Why Sonoco (SON) is a Top Dividend Stock for Your Portfolio

Company Overview - Sonoco (SON) is headquartered in Hartsville and operates in the Industrial Products sector, with a year-to-date stock price change of -3.21% [3] - The company currently pays a dividend of $0.52 per share, resulting in a dividend yield of 4.4%, which is significantly higher than the Containers - Paper and Packaging industry's yield of 2.34% and the S&P 500's yield of 1.55% [3] Dividend Performance - Sonoco's annualized dividend of$ 2.08 has increased by 0.5% from the previous year, and over the last five years, the company has raised its dividend four times, averaging an annual increase of 4.92% [4] - The current payout ratio for Sonoco is 41%, indicating that the company distributes 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Sonoco's earnings in fiscal year 2025 is projected at $6.03 per share, reflecting an expected increase of 42.89% compared to the previous year [5] Investment Appeal - Sonoco is considered an attractive dividend investment and is rated with a Zacks Rank of 1 (Strong Buy), indicating a compelling investment opportunity [7]