Packaging Corporation of America to Issue Quarterly Dividend of $1.50 (NYSE:PKG)

Packaging Corporation of America (NYSE:PKG) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Tuesday, September 15th will be given 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 of this dividend is Tuesday, September 15th.

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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

PKG opened at $233.60 on Thursday. The business has a 50 day moving average price of $242.45 and a two-hundred day moving average price of $227.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.78. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Activity

In other news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the transaction, the president owned 218,751 shares in the company, valued at approximately $54,687,750. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 40,391 shares of company stock worth $10,196,101. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at about $1,001,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in Packaging Corporation of America in the fourth quarter worth approximately $4,664,000. PNC Financial Services Group Inc. increased its holdings in Packaging Corporation of America by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock worth $15,634,000 after buying an additional 5,355 shares during the last quarter. Heartland Advisors Inc. raised its position in Packaging Corporation of America by 47.6% during the fourth quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after acquiring an additional 12,621 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. lifted its stake in Packaging Corporation of America by 71.6% in the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after acquiring an additional 5,300 shares during the last quarter. Hedge funds and other 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.