Packaging Corporation of America (PKG) to Issue Quarterly Dividend of $1.50 on July 15th

Packaging Corporation of America (NYSE:PKG) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 15th will be paid a dividend of 1.50 per share by the industrial products company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, June 15th. This is a 20.0% increase from Packaging Corporation of America’s previous quarterly dividend of $1.25.

Packaging Corporation of America has raised its dividend payment by an average of 0.1%annually over the last three years. Packaging Corporation of America has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Packaging Corporation of America to earn $12.49 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 40.0%.

Packaging Corporation of America Trading Down 0.8%

Shares of PKG stock opened at $218.11 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.94 and a current ratio of 3.07. Packaging Corporation of America has a 52-week low of $184.76 and a 52-week high of $249.51. The company has a market capitalization of $19.43 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business’s fifty day moving average is $214.47 and its 200 day moving average is $213.47.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted $2.31 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities research analysts anticipate that Packaging Corporation of America will post 10.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Packaging Corporation of America

Hedge funds have recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after buying an additional 48 shares during the period. River Street Advisors LLC increased its holdings in shares of Packaging Corporation of America by 1.0% in the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after buying an additional 51 shares during the period. Argent Advisors Inc. increased its holdings in shares of Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock worth $622,000 after buying an additional 52 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after buying an additional 52 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after buying an additional 54 shares during the period. Institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.