Monday Is Your Last Chance To Buy Sonoco Prods Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Sonoco Prods (NYSE:SON) announced a quarterly dividend of 51 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SON by the end of Monday are eligible for the dividend, payable on March 08, 2024. The stock is expected to open 51 cents lower on the ex-dividend date.
February 22, 2024 | 2:45 pm
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Sonoco Prods announces a quarterly dividend of 51 cents per share, payable on March 08, 2024. Stock expected to open lower by 51 cents on ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, SON is likely to experience a short-term price drop of 51 cents on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100