NEW YORK ( TheStreet) -- The ex-dividend date for Sonoco Products Company (NYSE: SON) is tomorrow, November 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $31.82 as of 9:31 a.m. ET, the dividend yield is 3.6%.

The average volume for Sonoco has been 610,600 shares per day over the past 30 days. Sonoco has a market cap of $3.2 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 5.7% year to date as of the close of trading on Monday.

Sonoco Products Company provides industrial and consumer packaging products, and packaging services in North and South America, Europe, Australia, and Asia. The company has a P/E ratio of 14.8, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Sonoco as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Sonoco Ratings Report.

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