PKG Packaging Corp Of America dividend history, payout ratio & dates
Packaging Corp Of America's most recent dividend of $1.25 per share was on Sep 16, 2024 (ex-date). At an annualized rate of $5 per share, the stock yields 2.04%.
Key dates
- PKG last dividend date: Sep 16, 2024
PKG dividend stats
vs. Consumer Cyclical sector
Dividend yield
PKG has a dividend yield of 2.04% which is below the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 2.53%, Packaging Corp Of America's dividend yield is 19% lower. Historically PKG's dividend yield has averaged at 3.1% in the last 5 years, which is above the current yield.
Dividend history
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 not changed for the last year. However since the stock price has gone up by 60% from a year ago, the dividend yield has decreased by 37%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 16, 2024 | $1.25 | 2.33% |
| Jun 14, 2024 | $1.25 | 2.74% |
| Mar 14, 2024 | $1.25 | 2.73% |
| Dec 15, 2023 | $1.25 | 3.03% |
| Sep 22, 2023 | $1.25 | 3.35% |
| Jun 14, 2023 | $1.25 | 3.81% |
| Mar 14, 2023 | $1.25 | 3.81% |
| Dec 16, 2022 | $1.25 | 3.64% |
| Sep 30, 2022 | $1.25 | 4.01% |
| Jun 14, 2022 | $1.25 | 2.89% |
| Mar 14, 2022 | $1 | 2.65% |
| Dec 17, 2021 | $1 | 3.08% |
| Sep 14, 2021 | $1 | 2.7% |
| Jun 14, 2021 | $1 | 2.73% |
| Mar 12, 2021 | $1 | 2.61% |
| Dec 18, 2020 | $1 | 2.5% |
| Sep 14, 2020 | $0.79 | 2.98% |
| Jun 12, 2020 | $0.79 | 3.19% |
| Mar 12, 2020 | $0.79 | 4.08% |
| Dec 19, 2019 | $0.79 | 2.83% |
| Sep 12, 2019 | $0.79 | 2.95% |
| Jun 13, 2019 | $0.79 | 3.28% |
| Mar 14, 2019 | $0.79 | 3.2% |
| Dec 14, 2018 | $0.79 | 3.21% |
| Sep 13, 2018 | $0.79 | 2.5% |
| Jun 14, 2018 | $0.79 | 2.22% |
| Mar 14, 2018 | $0.63 | 2.13% |
| Dec 22, 2017 | $0.63 | 2.1% |
| Sep 14, 2017 | $0.63 | 2.18% |
| Jun 13, 2017 | $0.63 | 2.38% |
| Mar 13, 2017 | $0.63 | 2.65% |
| Dec 21, 2016 | $0.63 | 2.73% |
| Sep 13, 2016 | $0.63 | 2.88% |
| Jun 13, 2016 | $0.55 | 3.33% |
| Mar 11, 2016 | $0.55 | 3.97% |
| Dec 23, 2015 | $0.55 | 3.45% |
| Sep 11, 2015 | $0.55 | 3.13% |
| Jun 11, 2015 | $0.55 | 2.79% |
| Mar 11, 2015 | $0.55 | 2.26% |
Packaging Corp Of America dividend payout ratio
Payout ratio
PKG has a payout ratio of 58% which is higher than the Consumer Cyclical sector average but lower than the industry average. In comparison with the Consumer Cyclical sector average of 43.3%, Packaging Corp Of America's payout ratio is 34% higher.
Total amount of dividends paid per financial year (from cash flow)
PKG dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| IP International Paper Co | 3.15% | $1.85 | 154.2% |
| PKG Packaging Corp Of America | 2.03% | $5 | 58% |
| GPK Graphic Packaging Holding Co | 1.38% | $0.4 | 17% |
| MAGN Magnera Corp. | N/A | N/A | N/A |
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 was PKG's last dividend?
Packaging Corp Of America's last dividend ex-date was on Sep 16, 2024. 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 $5 per share.
What is Packaging Corp Of America's dividend yield?
The current dividend yield of Packaging Corp Of America is 2.04%.
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 58%.
Does Packaging Corp Of America pay a good dividend?
Packaging Corp Of America's dividend yield is below the Consumer Cyclical sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.