Sonoco is a $5 billion global provider of consumer packaging, industrial products and packaging supply chain services. When collaborating with our customers, we leverage our deep knowledge of material science, our i6 Innovation Process™, and our industry-leading packaging and services portfolio to create impactful customized solutions that build stronger brands.
Business Strength and Shareholder Performance
2020 net sales were $5.24 billion compared with $5.37 billion in 2019.
We returned $181.1 million to shareholders in the form of dividends and share repurchases in 2020, and approximately $950 million over the past five years. We have provided quarterly dividends since 1925 and have increased dividends for 38 consecutive years, while providing shareholders a current 2.8% dividend yield, nearly 100% higher than the dividend yield of the S&P 500.
During 2020, we reported record cash flow from operations of $705.6 million compared to $425.9 million in 2019.