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

Packaging Corporation of America (NYSE:PKG) announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Tuesday, September 15th will be paid a dividend of 1.50 per share by the industrial products company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th.

Packaging Corporation of America has raised its dividend by an average of 0.1%per year over the last three years. Packaging Corporation of America has a dividend payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Packaging Corporation of America to earn $13.17 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 45.6%.

Packaging Corporation of America Price Performance

Shares of PKG opened at $234.72 on Friday. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The business has a 50-day simple moving average of $241.75 and a two-hundred day simple moving average of $227.48. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The stock has a market cap of $20.91 billion, a PE ratio of 30.48, a PEG ratio of 2.38 and a beta of 0.78.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Analysts anticipate that Packaging Corporation of America will post 10.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on PKG shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Truist Financial raised their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Bank of America decreased their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.14.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.