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
We returned $159.5 million to shareholders in the form of dividends and share repurchases in 2017, and $927 million over the past five years. We have provided quarterly dividends since 1925 and have increased dividends for 35 consecutive years, while providing shareholders a current 3.9% yield on investment.
2017 net sales were $5.04 billion, up $253.8 million compared with $4.78 billion in 2016. Sales grew 5.3% for the year due to higher selling prices implemented to recover rising material costs; acquisitions, net of divestitures; and the positive impact of foreign exchange.
Over the past five years, Sonoco has produced an 109.1% total return to shareholders. This compares favorably to a 108% return by the S&P 500, and 101% and 92.6% returns by the S&P 400 Mid-Cap Index and S&P 400 Materials Index, respectively. Sonoco is a component of both of these indexes.