Packaging Corp Of America's most recent quarterly dividend of $1.25 per share was on Dec 16, 2022 (ex-date). At an annualized rate of $4.75 per share, the stock yields 3.31%.
PKG has a dividend yield of 3.31% which is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 2.25%, Packaging Corp Of America's dividend yield is 47% higher. Historically PKG's dividend yield has averaged at 3.0% in the last 5 years, which is below 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 increased by 19% for the last year. And since the stock price has gone down by 3.4% from a year ago, the dividend yield has increased by 23%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 43.1% which is higher than the Consumer Cyclical sector and the industry average. In comparison with the Consumer Cyclical sector average of 32%, Packaging Corp Of America's payout ratio is 35% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GLT Glatfelter Corp | 12.58% | $0.56 | N/A |
| IP International Paper Co | 4.6% | $1.85 | 34.9% |
| PKG Packaging Corp Of America | 3.31% | $4.75 | 43.1% |
| GPK Graphic Packaging Holding Co | 1.47% | $0.33 | 24.6% |
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 March 2023.
Packaging Corp Of America's last dividend ex-date was on Dec 16, 2022. The dividend amount was $1.25 per share.
On an annual basis PKG pays $4.75 per share.
The current dividend yield of Packaging Corp Of America is 3.31%.
Packaging Corp Of America pays dividends quarterly.
Packaging Corp Of America's dividend payout ratio is 43.1%.
Packaging Corp Of America's dividend yield is above the Consumer Cyclical sector average.