Sonoco Inches Dividend Higher for 28th Consecutive Year

Sonoco (SON: 33.51 +2.01%) announced today that their Board of Directors approved a 4% increase in their quarterly dividend.

The marginal dividend increase takes the quarterly dividend from $.27 per share to $.28 per share. Following the dividend increase, Sonoco shares will yield 3.4%.

This marks the 28th consecutive year that Sonoco has increased their dividend payment. The company has been paying regular dividends since 1925.

The dividend will be payable June 10, 2010, to shareholders of record as of May 14, 2010.

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