Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Packaging of America Dividend Announcement
• Packaging of America announced a quarterly dividend of $1.25 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-16
• Packaging of America annual dividend for 2024 was $3.75
• Packaging of America annual dividend for 2023 was $5.00
• Packaging of America's trailing twelve-month (TTM) dividend yield is 2.72%
• Packaging of America's payout ratio for the trailing twelve months (TTM) is 58.15%
• Packaging of America's dividend growth over the last five years (2018-2023) was 10.76% year
• Packaging of America's dividend growth over the last ten years (2013-2023) was 12.70% year
Packaging of America Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $1.25 | quarterly | 2024-10-15 |
2024-06-14 | $1.25 | quarterly | 2024-07-15 |
2024-03-14 | $1.25 | quarterly | 2024-04-15 |
2023-12-15 | $1.25 | quarterly | 2024-01-15 |
2023-09-22 | $1.25 | quarterly | 2023-10-13 |
2023-06-14 | $1.25 | quarterly | 2023-07-14 |
2023-03-14 | $1.25 | quarterly | 2023-04-14 |
2022-12-16 | $1.25 | quarterly | 2023-01-13 |
2022-09-30 | $1.25 | quarterly | 2022-10-17 |
2022-06-14 | $1.25 | quarterly | 2022-07-15 |
2022-03-14 | $1.00 | quarterly | 2022-04-15 |
2021-12-17 | $1.00 | quarterly | 2022-01-14 |
2021-09-14 | $1.00 | quarterly | 2021-10-15 |
2021-06-14 | $1.00 | quarterly | 2021-07-15 |
2021-03-12 | $1.00 | quarterly | 2021-04-15 |
2020-12-18 | $1.00 | quarterly | 2021-01-15 |
2020-09-14 | $0.79 | quarterly | 2020-10-15 |
2020-06-12 | $0.79 | quarterly | 2020-07-15 |
2020-03-12 | $0.79 | quarterly | 2020-04-15 |
2019-12-19 | $0.79 | quarterly | 2020-01-15 |
2019-09-12 | $0.79 | quarterly | 2019-10-15 |
2019-06-13 | $0.79 | quarterly | 2019-07-15 |
2019-03-14 | $0.79 | quarterly | 2019-04-15 |
2018-12-14 | $0.79 | quarterly | 2019-01-15 |
2018-09-13 | $0.79 | quarterly | 2018-10-15 |
2018-06-14 | $0.79 | quarterly | 2018-07-13 |
2018-03-14 | $0.63 | quarterly | 2018-04-13 |
2017-12-22 | $0.63 | quarterly | 2018-01-12 |
2017-09-14 | $0.63 | quarterly | 2017-10-13 |
2017-06-13 | $0.63 | quarterly | 2017-07-14 |
2017-03-13 | $0.63 | quarterly | 2017-04-14 |
2016-12-21 | $0.63 | quarterly | 2017-01-13 |
2016-09-13 | $0.63 | quarterly | 2016-10-14 |
2016-06-13 | $0.55 | quarterly | 2016-07-15 |
2016-03-11 | $0.55 | quarterly | 2016-04-15 |
2015-12-23 | $0.55 | quarterly | 2016-01-15 |
2015-09-11 | $0.55 | quarterly | 2015-10-15 |
2015-06-11 | $0.55 | quarterly | 2015-07-15 |
2015-03-11 | $0.55 | quarterly | 2015-04-15 |
2014-12-17 | $0.40 | quarterly | 2015-01-15 |
2014-09-11 | $0.40 | quarterly | 2014-10-15 |
2014-06-11 | $0.40 | quarterly | 2014-07-15 |
2014-03-12 | $0.40 | quarterly | 2014-04-15 |
2013-12-19 | $0.40 | quarterly | 2014-01-15 |
2013-09-11 | $0.40 | quarterly | 2013-10-15 |
2013-06-12 | $0.40 | quarterly | 2013-07-15 |
2013-03-13 | $0.31 | quarterly | 2013-04-15 |
Packaging of America Dividend per year
Packaging of America Dividend growth
Packaging of America Dividend Yield
Packaging of America current trailing twelve-month (TTM) dividend yield is 2.72%. Interested in purchasing Packaging of America stock? Use our calculator to estimate your expected dividend yield:
Packaging of America Financial Ratios
Packaging of America Dividend FAQ
Other factors to consider when evaluating Packaging of America as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Packaging of America's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Packaging of America publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Packaging of America distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Packaging of America are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Packaging of America sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Packaging of America distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Packaging of America declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Packaging of America's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Packaging of America's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.