Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging of America (NYSE: PKG) has declared a regular quarterly dividend of $1.25 per share on its common stock. The dividend will be paid to shareholders of record as of June 14, 2024, with a payment date of July 15, 2024. PCA is a major producer of containerboard products and uncoated freesheet paper in North America.

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 June 14, 2024 with a payment date of July 15, 2024. 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 86 corrugated products plants and related facilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240508376852/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 Packaging of America?

Packaging of America declared a quarterly dividend of $1.25 per share on its common stock.

When will shareholders receive the dividend?

Shareholders of record as of June 14, 2024, will receive the dividend with a payment date of July 15, 2024.

What does PCA specialize in producing?

PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America.