Sonoco Products Is a Top Dividend Stock for 2015: David Peltier

Portfolio Manager David Peltier highlights Sonoco Products (SONS) as one of his top dividend stocks for 2015.
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Portfolio Manager David Peltier highlights Sonoco Products (SONS) as one of his top dividend stocks for 2015. The packaging producer churns out both paper-based and plastic packaging solutions for a variety of consumer goods. The company pays a 2.9% dividend yield, which is higher than the S&P 500 index and benchmark 10-year U.S. treasury note currently offer. Management boosted the dividend in October for the 32nd consecutive year. Sonoco raised prices in 2014 and should benefit from lower energy prices. In addition to the dividend, Peltier believes the stock can move up toward $50 in the new year.