Packaging Corporation of America (PKG) To Go Ex-Dividend on June 15th

Packaging Corporation of America (NYSE:PKG) announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Monday, June 15th will be given 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 yield of 2.6%. The ex-dividend date of this dividend 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%per year over the last three years. Packaging Corporation of America has a dividend payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. 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 $6.00 annual dividend with an expected future payout ratio of 48.0%.

Packaging Corporation of America Stock Up 1.8%

PKG opened at $228.43 on Friday. The business’s fifty day moving average is $215.72 and its two-hundred day moving average is $216.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.03 and a beta of 0.81. Packaging Corporation of America has a one year low of $184.76 and a one year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.Packaging Corporation of America’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts anticipate that Packaging Corporation of America will post 10.8 EPS for the current fiscal year.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Packaging Corporation of America by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after purchasing an additional 51,790 shares during the last quarter. State Street Corp increased its stake in Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after purchasing an additional 83,978 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Packaging Corporation of America by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after purchasing an additional 231,474 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Packaging Corporation of America by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock valued at $580,897,000 after purchasing an additional 73,047 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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.