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

Packaging Corporation of America (NYSE:PKG) declared 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 is Tuesday, September 15th.

Packaging Corporation of America has increased its dividend by an average of 0.1%annually 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. 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

NYSE PKG opened at $233.60 on Thursday. 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 capitalization of $20.81 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.78. The company has a 50 day moving average price of $242.45 and a two-hundred day moving average price of $227.74. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98.

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, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. Packaging Corporation of America’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PKG shares. Citigroup upped their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Bank of America upped their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, UBS Group boosted their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.