Sonoco
SON (NYSE)
Sonoco Products (SON) presents an attractive option for investors seeking reliable income, boasting a dividend yield of over 5%. Although the stock has seen a slight decline over the past year and five years, it maintains a solid dividend growth strategy supported by a conservative payout ratio. Analysts rate it favorably, with a median price target of $51.00, reflecting confidence in its long-term potential.
Pros:
- Solid dividend growth
- Conservative payout ratio
Cons:
- Negative returns over the past five years
- Volatility in the packaging industry
Sonoco (SON) may be suitable for income-focused investors who prioritize dividend yield over capital appreciation, given its attractive 5.20% dividend yield despite recent stock performance challenges. While the stock has experienced declines in both the short and long term, its solid dividend growth strategy and favorable analyst ratings suggest potential for those willing to adopt a long-term investment perspective.