Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (NYSE: PKG) has declared a quarterly dividend of $1.00 per share on its common stock. This dividend will be distributed to shareholders recorded by June 15, 2021, with payments scheduled for July 15, 2021. The company's future dividend declarations are pending confirmation from its Board of Directors. PCA ranks as the third largest producer of containerboard products and is a prominent player in uncoated freesheet paper production in North America, operating eight paper mills and 90 corrugated products plants.

Positive

• Quarterly dividend of $1.00 per share boosts income for shareholders.
• Strong position as the third largest producer of containerboard enhances company credibility.

Negative

• None.

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 June 15, 2021 with a payment date of July 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 90 corrugated products plants and related facilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210505005889/en/

FAQ

What is the dividend amount for Packaging Corporation of America (PKG)?

The dividend amount is $1.00 per share.

When will the dividend for PKG be paid?

The dividend will be paid on July 15, 2021.

What are the record dates for the PKG dividend?

Shareholders must be on record by June 15, 2021.

How often does PKG declare dividends?

Packaging Corporation of America typically declares quarterly dividends.

Is the PKG dividend sustainable?

Future dividends are subject to determination by PCA’s Board of Directors.