Sonoco Dividends

Three Dividend Increases This Week and Eight More to Come Next Week

Sonoco produces innovative packaging, including the Maxwell House "Flavor Lock
Pack".  The company announced its 36th year of dividend increases this week.
Photo: Flickr.com/Mark Turnauckas

Three companies announced dividend increases this week.  Although none of the increases were very large, all three companies have a forward yield of at least 3.2% with utility Southern Company yielding more than 5.1%.  In addition, eight more companies are expected to announce their annual increases next week.  Read on for the details….

Dividend Increases Announced This Week

People’s United Financial (PBCT)

Industry: Financial – Regional Banking

Dividend Payment: 17.50 cents per share – up 1.4% from prior level of 17.25 cents

Dividend Paid On: 5/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/30

Number of Years of Dividend Increases: 25

Current Forward Yield: 3.84%

 

Southern Company (SO)

Industry: Utilities – Electric

Dividend Payment: 60 cents per share – up 3.4% from prior level of 58 cents

Dividend Paid On: 6/6

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/18

Number of Years of Dividend Increases: 17

Current Forward Yield: 5.31%

 

Sonoco Products Company (SON)

Industry: Packaging & Containers

Dividend Payment: 41 cents per share – up 5.1% from prior level of 39 cents

Dividend Paid On: 6/8

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 5/10

Number of Years of Dividend Increases: 36

Current Forward Yield: 3.17%

 

Dividend Increase Announcements Expected Next Week

Cullen/Frost Bankers (CFR)

Costco Warehouse Corporation (COST)

Franklin Electric Company (FELE)

W. W. Grainger (GWW)

Johnson & Johnson (JNJ)

UGI Corporation (UGI)

Xilinx (XLNX)

ExxonMobil (XOM)

 

2 thoughts on “Three Dividend Increases This Week and Eight More to Come Next Week

    1. Jason Post author

      Hi Lanny:
      I have IBM announcing early the following week, but you’re right – they very well may announce on Friday. Thanks!

      Cheers,
      HD

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