Packaging Corp Of America's most recent quarterly dividend of $1.25 per share was on Mar 14, 2024 (ex-date). At an annualized rate of $5 per share, the stock yields 2.92%.
PKG has a dividend yield of 2.92% which is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 2.34%, Packaging Corp Of America's dividend yield is 25% higher. Historically PKG's dividend yield has averaged at 3.1% in the last 5 years, which is above the current yield.
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 27% from a year ago, the dividend yield has decreased by 22%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Apr 15, 2024 | Feb 28, 2024 | $1.25 | normal |
| Dec 15, 2023 | Jan 15, 2024 | Dec 7, 2023 | $1.25 | normal |
| Sep 22, 2023 | Oct 13, 2023 | Sep 13, 2023 | $1.25 | normal |
| Jun 14, 2023 | Jul 14, 2023 | May 2, 2023 | $1.25 | normal |
| Mar 14, 2023 | Apr 14, 2023 | Feb 23, 2023 | $1.25 | normal |
| Dec 16, 2022 | Jan 13, 2023 | Dec 8, 2022 | $1.25 | normal |
| 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 |
PKG has a payout ratio of 58.7% which is higher than the Consumer Cyclical sector and the industry average. In comparison with the Consumer Cyclical sector average of 34.6%, Packaging Corp Of America's payout ratio is 70% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| IP International Paper Co | 5.52% | $1.85 | 222.9% |
| PKG Packaging Corp Of America | 2.92% | $5 | 58.7% |
| GPK Graphic Packaging Holding Co | 1.47% | $0.4 | 17% |
| GLT Glatfelter Corp | N/A | N/A | N/A |
Yes, Packaging Corp Of America has paid four dividends in the last 12 months. PKG has been paying dividends since 2003.
Currently PKG's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
Packaging Corp Of America's last dividend ex-date was on Mar 14, 2024. The dividend amount was $1.25 per share.
On an annual basis PKG pays $5 per share.
The current dividend yield of Packaging Corp Of America is 2.92%.
Packaging Corp Of America pays dividends quarterly.
Packaging Corp Of America's dividend payout ratio is 58.7%.
Packaging Corp Of America's dividend yield is above the Consumer Cyclical sector average.