Portfolio Update
The FiveTwenty portfolio received $34.34 in dividends in the past week. OZK paid their quarterly dividend during the week.
| Past Week Dividend | $34.34 |
| Current Quarter Dividend (Q1 2023) | $286.00 |
| LifeTime Dividend | $8,394.44 |
| Estimated Annual Dividend | $8,177.87 |
The capital allocation for the week of 01/29/2023 to 02/04/2023 will be used to add to our position in Sonoco Products Company (NYSE: SON).
SON – Position Update
Since our last check-in on SON in week 1 of 2023, there have not been any significant developments for the company. The share price decreased 0.7% from $60.71 to $60.26 during the period.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 40 years | 40 years | |
| Yield | 3.19% | 3.17% | 2.99% |
| Payout Ratio | 31.42%1 | 31.42%1 | |
| P/E | 9.861 | 9.941 |
1 computed using adjusted EPS of $6.11 as of Q3 2022
Q3 2022 earnings report
Did SON’s latest earnings report raise any warning flags?
We discussed SON’s financial performance so far for FY 2022 during our previous update. Overall for Q3 2022, revenue grew 34%, and base EPS were 60% higher compared to Q3 2021.
| Revenue (in millions) | Base Net Income (in millions) | Base EPS . | |
| Q3 2021 | $1,415 | $100 | $1.00 |
| Q3 2022 | $1,890 | $158 | $1.60 |
| % Change | 34% | 58% | 60% |
Additional noteworthy developments during the quarter:
- None
Thesis
Why are we adding to our position in SON?
With no significant developments for SON since our last check-in, the investment thesis stays the same.
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