Sonoco (NYSE:SON) has declared a regular quarterly dividend of $0.27 per common share. This dividend marks the 339th consecutive quarterly dividend to be paid. It will be payable to shareholders of record as of February 19, 2010 on March 10, 2010.
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Sonoco chairman, president and chief executive officer Harris DeLoach, Jr., senior vice president and chief financial officer Charles Hupfer, and staff vice president, investor relations and corporate affairs Roger Schrum reviewed the company’s financial results on Wednesday, February 10, 2010. A press release and webcast of the financial results and resulting conference call are available on the company’s website, www.sonoco.com. Those unable to go online may listen to a telephone replay of the call until February 17, 2010 at 888.286.8010 or 617.801.6888, pass code 12424873.
Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services, with 327 locations in 35 countries. The Company’s operates in four segments, Consumer Packaging, Tubes and Cores/Paper, Packaging Services, and All Other Sonoco. It serves two markets: consumer and industrial. Consumer and industrial sales are split approximately 54% and 46%, respectively. Geographically, approximately 63% of sales are generated in the United States, 19% in Europe, 9% in Canada and 9% in other regions. During the year ended December 31, 2008, the Company acquired Amtex Packaging, Inc., a packaging fulfillment company, and VoidForm International Ltd., a construction tube business.
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