Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (NYSE: PKG) declared a quarterly dividend of $1.25 per share on common stock. This dividend will be issued to shareholders on record as of October 3, 2022, with a payment date of October 17, 2022. PCA is recognized as the third-largest producer of containerboard products and a top manufacturer of uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.

Positive

• Quarterly dividend of $1.25 enhances shareholder income.
• PCA is a leading player in the containerboard and paper production sectors.

Negative

• None.

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $1.25 per share on its common stock. The quarterly dividend of $1.25 per share will be paid to shareholders of record as of October 3, 2022 with a payment date of October 17, 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/20220921005973/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 for PKG?

The dividend amount for Packaging Corporation of America (PKG) is $1.25 per share.

When will the dividend for PKG be paid?

The dividend for PKG will be paid on October 17, 2022.

What are the record date details for PKG's dividend?

The record date for PKG's dividend is October 3, 2022.

How often does PKG pay dividends?

Packaging Corporation of America typically pays dividends quarterly.