Packaging Corporation of America Declares Quarterly Dividend

Rhea-AI Summary

Packaging Corporation of America (NYSE: PKG) has announced a quarterly dividend of $1.25 per share on its common stock. Shareholders on record as of March 15, 2023 will receive this payment on April 14, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders. PCA is a leading producer in North America, operating eight paper mills and 89 corrugated products plants. The future declaration of dividends will be determined by the Board of Directors.

Positive

• Quarterly dividend of $1.25 per share enhances shareholder returns.
• Company's strong position as third largest producer of containerboard products.

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 March 15, 2023 with a payment date of April 14, 2023. 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/20230223005806/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 Corporation of America?

The declared dividend amount is $1.25 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 14, 2023.

Who are the shareholders of record for the dividend?

Shareholders on record as of March 15, 2023, will receive the dividend.

Is the dividend sustainable for Packaging Corporation of America?

Future dividends are subject to the Board's determination, indicating ongoing evaluations of sustainability.