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, payable on January 13, 2023, to shareholders on record as of December 19, 2022. PCA is the third-largest containerboard producer and a leading uncoated freesheet paper manufacturer in North America, operating eight paper mills and 89 corrugated products plants. The Board will determine future dividends and payment dates.

Positive

• Quarterly dividend of $1.25 per share positively impacts income for shareholders.
• Strong market position as the third-largest containerboard producer in North America.

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 December 19, 2022 with a payment date of January 13, 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/20221208006041/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 PKG dividend be paid?

The PKG dividend will be paid on January 13, 2023.

What is the record date for the PKG dividend?

The record date for the PKG dividend is December 19, 2022.

How often does Packaging Corporation of America pay dividends?

Packaging Corporation of America typically pays dividends quarterly.

Is the PKG dividend sustainable?

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