SON News & Analysis

Sonoco Products (SON) Achieves 30% YTD Returns, Beats S&P 500

Sonoco Products (SON) has posted a year-to-date return of 30%, outperforming the Nasdaq and S&P 500, which returned 10.3% and 8.5%, respectively. The company maintains a dividend yield of 3.78%, exceeding the S&P 500 average, and has increased its dividend for 43 consecutive years. Despite a 2% decline in sales, earnings rose 26% year over year to $0.68 per share, aided by a cost-cutting initiative targeting $32 million in savings this year. Sonoco's revenue is projected to be between $7.25 billion and $7.75 billion for fiscal 2026, maintaining previous levels.