Exploring NYSE:SON's dividend characteristics.

Consider SONOCO PRODUCTS CO (NYSE:SON) as a top pick for dividend investors, identified by our stock screening tool. NYSE:SON shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

Understanding NYSE:SON's Dividend

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:SON has received a 7 out of 10:

• With a Yearly Dividend Yield of 4.40%, SON is a good candidate for dividend investing.
• SON's Dividend Yield is rather good when compared to the industry average which is at 3.19. SON pays more dividend than 86.96% of the companies in the same industry.
• SON's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
• SON has been paying a dividend for at least 10 years, so it has a reliable track record.
• SON has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

What does the Health looks like for NYSE:SON

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:SON has achieved a 5 out of 10:

• Looking at the Altman-Z score, with a value of 2.10, SON is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
• A Current Ratio of 2.36 indicates that SON has no problem at all paying its short term obligations.
• SON has a better Current ratio (2.36) than 91.30% of its industry peers.
• Looking at the Quick ratio, with a value of 1.91, SON belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.

What does the Profitability looks like for NYSE:SON

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:SON, the assigned 5 is noteworthy for profitability:

• SON's Profit Margin has improved in the last couple of years.
• SON's Operating Margin of 9.93% is fine compared to the rest of the industry. SON outperforms 60.87% of its industry peers.
• SON's Operating Margin has improved in the last couple of years.
• SON's Gross Margin has improved in the last couple of years.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of SON for a complete fundamental analysis.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.