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PKG Packaging Corp Of America dividend history, payout ratio & dates

Packaging Corp Of America's most recent quarterly dividend of $1.25 per share was on Sep 30, 2022 (ex-date). At an annualized rate of $4.5 per share, the stock yields 3.91%.

Key dates

  • PKG last dividend date: Sep 30, 2022
  • PKG next dividend date: Not announced
PKG dividend stats
DPS
$4.5
Dividend yield
3.81%
Payout ratio
41.4%
vs. Consumer Cyclical sector
Dividend yield
2.77%
Payout ratio
29.5%

Dividend yield

What is Packaging Corp Of America current dividend yield

PKG has a dividend yield of 3.91% which is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 2.77%, Packaging Corp Of America's dividend yield is 41% higher. Historically PKG's dividend yield has averaged at 2.9% in the last 5 years, which is below the current yield.

Dividend history

What is PKG dividend payout history and dates

Packaging Corp Of America has a history of paying dividends since 2003. Our records of PKG show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 13% for the last year. And since the stock price has gone down by 17% from a year ago, the dividend yield has increased by 36%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 30, 2022 Oct 17, 2022 Sep 21, 2022 $1.25 normal
Jun 14, 2022 Jul 15, 2022 May 18, 2022 $1.25 normal
Mar 14, 2022 Apr 15, 2022 Feb 24, 2022 $1 normal
Dec 17, 2021 Jan 14, 2022 Dec 10, 2021 $1 normal
Sep 14, 2021 Oct 15, 2021 Aug 26, 2021 $1 normal
Jun 14, 2021 Jul 15, 2021 May 5, 2021 $1 normal
Mar 12, 2021 Apr 15, 2021 Feb 24, 2021 $1 normal
Dec 18, 2020 Jan 15, 2021 Dec 10, 2020 $1 normal
Sep 14, 2020 Oct 15, 2020 Aug 25, 2020 $0.79 normal
Jun 12, 2020 Jul 15, 2020 May 5, 2020 $0.79 normal
Mar 12, 2020 Apr 15, 2020 Feb 25, 2020 $0.79 normal
Dec 19, 2019 Jan 15, 2020 Dec 10, 2019 $0.79 normal
Sep 12, 2019 Oct 15, 2019 Aug 21, 2019 $0.79 normal
Jun 13, 2019 Jul 15, 2019 May 10, 2019 $0.79 normal
Mar 14, 2019 Apr 15, 2019 Feb 28, 2019 $0.79 normal
Dec 14, 2018 Jan 15, 2019 Dec 5, 2018 $0.79 normal
Sep 13, 2018 Oct 15, 2018 Aug 30, 2018 $0.79 normal
Jun 14, 2018 Jul 13, 2018 May 15, 2018 $0.79 normal
Mar 14, 2018 Apr 13, 2018 Feb 27, 2018 $0.63 normal
Dec 22, 2017 Jan 12, 2018 Dec 14, 2017 $0.63 normal
Sep 14, 2017 Oct 13, 2017 Aug 25, 2017 $0.63 normal
Jun 13, 2017 Jul 14, 2017 May 17, 2017 $0.63 normal
Mar 13, 2017 Apr 14, 2017 Mar 1, 2017 $0.63 normal
Dec 21, 2016 Jan 13, 2017 Dec 13, 2016 $0.63 normal
Sep 13, 2016 Oct 14, 2016 Aug 31, 2016 $0.63 normal
Jun 13, 2016 Jul 15, 2016 May 18, 2016 $0.55 normal
Mar 11, 2016 Apr 15, 2016 Feb 25, 2016 $0.55 normal
Dec 23, 2015 Jan 15, 2016 Dec 15, 2015 $0.55 normal
Sep 11, 2015 Oct 15, 2015 Aug 31, 2015 $0.55 normal

Packaging Corp Of America dividend payout ratio

What is Packaging Corp Of America dividend payout ratio compared to the sector

Payout ratio

PKG has a payout ratio of 41.4% which is higher than the Consumer Cyclical sector and the industry average. In comparison with the Consumer Cyclical sector average of 29.5%, Packaging Corp Of America's payout ratio is 40% higher.

Total amount of dividends paid per financial year (from cash flow)

PKG dividend vs peer dividends

How does PKG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
GLT Glatfelter Corp 16.67% $0.56 N/A
IP International Paper Co 5.57% $1.85 38.1%
PKG Packaging Corp Of America 3.81% $4.5 41.4%
GPK Graphic Packaging Holding Co 1.43% $0.3 32.3%

Frequently asked questions

Does Packaging Corp Of America pay a dividend?

Yes, Packaging Corp Of America has paid four dividends in the last 12 months. PKG has been paying dividends since 2003.

When is Packaging Corp Of America's next dividend?

Currently PKG's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in December 2022.

When was PKG's last dividend?

Packaging Corp Of America's last dividend ex-date was on Sep 30, 2022. The dividend amount was $1.25 per share.

How much dividend does Packaging Corp Of America pay (per share)?

On an annual basis PKG pays $4.5 per share.

What is Packaging Corp Of America's dividend yield?

The current dividend yield of Packaging Corp Of America is 3.91%.

How often does Packaging Corp Of America pay dividends?

Packaging Corp Of America pays dividends quarterly.

What is Packaging Corp Of America's dividend payout ratio?

Packaging Corp Of America's dividend payout ratio is 41.4%.

Does Packaging Corp Of America pay a good dividend?

Packaging Corp Of America's dividend yield is above the Consumer Cyclical sector average.