Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (PKG) has announced a quarterly dividend of $1.00 per share, payable to shareholders on January 14, 2022, for those on record by December 20, 2021. The company is a major player in the North American packaging industry, being the third largest producer of containerboard products and a leading manufacturer of uncoated freesheet paper, operating eight paper mills and 89 corrugated products plants.

Positive

• Quarterly dividend of $1.00 per share indicates strong cash flow.
• Company's positioning as a leading producer enhances investor confidence.

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 December 20, 2021 with a payment date of January 14, 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 89 corrugated products plants and related facilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211210005359/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 announced by Packaging Corporation of America (PKG)?

The announced dividend amount is $1.00 per share.

When will the dividend be paid to shareholders of PKG?

The dividend will be paid on January 14, 2022.

What is the record date for the PKG dividend?

The record date for the dividend is December 20, 2021.

How often does Packaging Corporation of America pay dividends?

Packaging Corporation of America pays dividends quarterly.

Is the dividend payment sustainable for PKG?

The sustainability of the dividend payment can depend on the company's future earnings and cash flow.