Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (NYSE: PKG) has announced a quarterly dividend of $1.00 per share, payable on April 15, 2021, for shareholders of record by March 15, 2021. The Board of Directors will determine future dividends and their payment schedules. PCA ranks as the third largest producer of containerboard products and uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.

Positive

• Regular dividend of $1.00 per share demonstrates strong cash flow and shareholder returns.
• Robust market position as the third largest producer in its sector indicates stability and potential for growth.

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 March 15, 2021 with a payment date of April 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 the third largest 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/20210224005832/en/

FAQ

What is the dividend amount for PKG?

The dividend amount for Packaging Corporation of America (PKG) is $1.00 per share.

When is the payment date for PKG's dividend?

The payment date for PKG's dividend is April 15, 2021.

Who qualifies for the PKG dividend?

Shareholders of record as of March 15, 2021, qualify for the PKG dividend.

Is PKG's dividend sustainable?

The sustainability of PKG's dividend will depend on future financial performance and Board decisions.