Sonoco Products Co. a Top Ranked SAFE Dividend Stock With 3.9% Yield (SON)
ETF Channel Staff - Thursday, January 17, 9:59 AMSonoco Products Co. (SON) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.9% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Sonoco Products Co. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.65% of the SPDR S&P Dividend ETF (SDY), which holds $60,383,432 worth of SON shares.
Sonoco Products Co. (SON) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Sonoco Products Co. is $1.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/14/2012. Below is a long-term dividend history chart for SON, which the report stressed as being of key importance.
SON operates in the Packaging & Containers sector, among companies like Rock-Tenn Co. (RKT), and Packaging Corp of America (PKG).