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NEW YORK ( TheStreet) -- The ex-dividend date for Sonoco Products Company (NYSE: SON) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $32.22 as of 9:31 a.m. ET, the dividend yield is 3.7%. The average volume for Sonoco has been 476,100 shares per day over the past 30 days. Sonoco has a market cap of $3.23 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 2.4% year to date as of the close of trading on Monday. Sonoco Products Company provides industrial and consumer packaging products, and packaging services worldwide. The company has a P/E ratio of 16.2, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.