In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SON is likely to continue, and whether the current estimated yield of 3.78% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SON shares, versus its 200 day moving average:
Looking at the chart above, SON's low point in its 52 week range is $38.65 per share, with $60.67 as the 52 week high point — that compares with a last trade of $57.15.
According to the ETF Finder at ETF Channel, SON makes up 4.32% of the Invesco MSCI Global Timber ETF (Symbol: CUT) which is trading lower by about 1.5% on the day Friday. (see other ETFs holding SON).
In Friday trading, Sonoco Products Co. shares are currently up about 0.1% on the day.
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Further SON Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
