Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (NYSE: PKG) has announced a regular quarterly dividend of $1.00 per share on its common stock. This dividend will be paid to shareholders of record as of September 15, 2021, with a payment date set for October 15, 2021. The company's Board of Directors will determine future dividends and payment schedules. PCA, a leading producer of containerboard products and uncoated freesheet paper in North America, operates eight paper mills and 89 corrugated products plants.

Positive

• Regular quarterly dividend of $1.00 per share indicates company confidence and stability.

Negative

• None.

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.00 per share on its common stock. The quarterly dividend of $1.00 per share will be paid to shareholders of record as of September 15, 2021 with a payment date of October 15, 2021. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA’s Board of Directors.

PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight paper mills and 89 corrugated products plants and related facilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005662/en/

Barbara Sessions

Packaging Corporation of America

INVESTOR RELATIONS: (877) 454-2509

PCA Web Site: www.packagingcorp.com

Source: Packaging Corporation of America

FAQ

What is Packaging Corporation of America's dividend amount for October 2021?

Packaging Corporation of America will pay a dividend of $1.00 per share on October 15, 2021.

When is the record date for the upcoming dividend of PKG?

The record date for the upcoming dividend is September 15, 2021.

How often does PKG pay dividends?

Packaging Corporation of America typically pays dividends quarterly.

What is the significance of the dividend announcement for PKG investors?

The dividend announcement reflects PCA's ongoing profitability and commitment to returning value to shareholders.