Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (PKG) has declared a regular quarterly dividend of $1.00 per share on common stock. Shareholders of record as of March 15, 2022 will receive payment on April 15, 2022. PCA is the third largest containerboard producer and a leading manufacturer of uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.

Positive

• Quarterly dividend of $1.00 per share signals confidence in financial stability.
• PCA's strong position as the third largest containerboard producer enhances future growth potential.

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 March 15, 2022 with a payment date of April 15, 2022. 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/20220224005824/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 the dividend amount declared by PKG?

PKG has declared a quarterly dividend of $1.00 per share.

When will the PKG dividend be paid?

The dividend will be paid on April 15, 2022.

Who will receive the PKG dividend?

Shareholders of record as of March 15, 2022, will receive the dividend.

How often does PKG pay dividends?

PKG pays dividends quarterly.

What is the significance of the dividend announcement?

The announcement reflects PKG's financial stability and commitment to returning value to shareholders.