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

Key Points

• Packaging Corporation of America declared a quarterly dividend of $1.50 per share, payable October 15 to shareholders of record on September 15. The annualized dividend is $6.00, representing a 2.6% yield.
• The dividend appears well covered, with a current payout ratio of 54.5% and an expected forward payout ratio of 45.6%. Analysts forecast $13.17 in earnings per share next year.
• PCA reported quarterly EPS of $2.35, exceeding consensus estimates of $2.31, while revenue rose 14.7% year over year to $2.49 billion. Insiders sold roughly $10.2 million of shares over the past three months, while institutional investors own 89.78% of the stock.

Packaging Corporation of America (NYSE:PKG - Get Free Report) declared a quarterly dividend on Wednesday, September 2nd. Investors 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 is Tuesday, September 15th.

Packaging Corporation of America has increased its dividend payment by an average of 0.1%per year over the last three years. Packaging Corporation of America has a payout ratio of 54.5% indicating that 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 Price Performance

Shares of NYSE PKG opened at $233.60 on Thursday. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The stock has a market cap of $20.81 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.33 and a beta of 0.78. The stock has a 50 day moving average of $242.45 and a two-hundred day moving average of $227.74. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Buying and Selling at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the business'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 value of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company's stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Packaging Corporation of America

A number of hedge funds have recently made changes to their positions in PKG. Ancora Advisors LLC acquired a new position in shares of Packaging Corporation of America during the second quarter valued at $1,001,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Packaging Corporation of America in the fourth quarter worth about $4,664,000. PNC Financial Services Group Inc. lifted 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 purchasing an additional 5,355 shares during the period. Heartland Advisors Inc. grew its position in Packaging Corporation of America by 47.6% in the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company's stock valued at $8,073,000 after buying an additional 12,621 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. increased its stake in Packaging Corporation of America by 71.6% during the 1st quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company's stock valued at $2,695,000 after buying an additional 5,300 shares during the period. Institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source