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Ex-Dividend Reminder: Paychex, PPG Industries and Sonoco Products

By Dividend Channel Staff, Monday, August 7, 10:29 AM ET
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On 8/9/23, Paychex Inc (NASDAQ:PAYX), PPG Industries Inc (NYSE:PPG), and Sonoco Products Co. (NYSE:SON) will all trade ex-dividend for their respective upcoming dividends. Paychex Inc will pay its quarterly dividend of $0.89 on 8/24/23, PPG Industries Inc will pay its quarterly dividend of $0.65 on 9/12/23, and Sonoco Products Co. will pay its quarterly dividend of $0.51 on 9/8/23.

As a percentage of PAYX's recent stock price of $123.83, this dividend works out to approximately 0.72%, so look for shares of Paychex Inc to trade 0.72% lower — all else being equal — when PAYX shares open for trading on 8/9/23. Similarly, investors should look for PPG to open 0.46% lower in price and for SON to open 0.88% lower, all else being equal.

Below are dividend history charts for PAYX, PPG, and SON, showing historical dividends prior to the most recent ones declared.

Paychex Inc (NASDAQ:PAYX):

PPG Industries Inc (NYSE:PPG):

Sonoco Products Co. (NYSE:SON):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.87% for Paychex Inc, 1.83% for PPG Industries Inc, and 3.51% for Sonoco Products Co..


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In Monday trading, Paychex Inc shares are currently up about 0.7%, PPG Industries Inc shares are up about 1%, and Sonoco Products Co. shares are up about 0.8% on the day.


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