Packaging Corporation of America (PKG) To Go Ex-Dividend on September 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) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend 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 dividend payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:PKG opened at $234.91 on Friday. The company has a market capitalization of $20.93 billion, a PE ratio of 30.51, a P/E/G ratio of 2.37 and a beta of 0.78. The company has a 50 day simple moving average of $242.33 and a two-hundred day simple moving average of $227.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week 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, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm posted $2.48 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas Hassfurther sold 7,063 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Donald Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on 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 completion of the sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,391 shares of company stock valued at $10,196,101 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Amundi boosted its holdings in Packaging Corporation of America by 13.6% in the second quarter. Amundi now owns 279,069 shares of the industrial products company’s stock worth $66,497,000 after acquiring an additional 33,370 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Packaging Corporation of America by 0.8% during the second quarter. HighTower Advisors LLC now owns 241,237 shares of the industrial products company’s stock valued at $57,482,000 after acquiring an additional 1,859 shares in the last quarter. Groupe la Francaise bought a new stake in shares of Packaging Corporation of America during the second quarter valued at approximately $4,807,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Packaging Corporation of America during the second quarter worth approximately $977,000. Finally, California State Teachers Retirement System raised its position in shares of Packaging Corporation of America by 23,647.1% during the second quarter. California State Teachers Retirement System now owns 24,687,714 shares of the industrial products company’s stock worth $5,882,588,000 after purchasing an additional 24,583,753 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

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.