Published on 6 May 2024 on Simply Wall St. via Yahoo Finance

Sonoco Products Company (NYSE:SON) Stock Goes Ex-Dividend In Just Two Days

Sonoco Products Company (NYSE:SON) stock is about to trade ex-dividend in 2 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. In other words, investors can purchase Sonoco Products' shares before the 9th of May in order to be eligible for the dividend, which will be paid on the 10th of June.

The company's next dividend payment will be US$0.52 per share. Last year, in total, the company distributed US$2.08 to shareholders. Based on the last year's worth of payments, Sonoco Products stock has a trailing yield of around 3.7% on the current share price of US$56.80. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.