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Packaging Co. of America (PKG) Dividend Yield, Date & History

Packaging Co. of America logo
$227.98 +0.52 (+0.23%)
(As of 12/20/2024 05:31 PM ET)

Packaging Co. of America Dividend Summary

Dividend Yield
2.19%
Annual Dividend
$5.00
Next
Dividend Payment
Jan. 15
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
14.05%
Dividend Payout Ratio
58.28%

Packaging Co. of America (PKG) pays an annual dividend of $5.00 per share, with a dividend yield of 2.19%. The next quarterly payment of $1.25 per share is scheduled for Wednesday, January 15, to investors who owned the stock before the ex-dividend date of Friday, December 20. PKG has grown its dividend for 14 consecutive years, with an average annual increase of 4.48%. The company currently pays out 58.28% of its earnings and 35.88% of its cash flow as dividends.

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PKG Dividend Payments by Quarter

The chart below displays up to four years of Packaging Co. of America's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

PKG Dividend Yield Over Time

The chart below tracks Packaging Co. of America's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Packaging Co. of America vs. The Competition

Compare Packaging Co. of America's annual dividend, yield, and 3-year growth rate with averages for Industrial and NYSE companies to evaluate its performance against the market.

TypePackaging Co. of AmericaIndustrial CompaniesNYSE Companies
Annual Dividend$5.00$0.01$1.39
Dividend Yield2.19%2.12%3.63%
Annualized 3-Year Dividend Growth14.05%11.38%15.78%
Track Record14 years31 years25 years

Packaging Co. of America Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings58.28%
Based on This Year's Estimate55.13%
Based on Next Year's Estimate44.88%
Based on Cashflow35.88%

Packaging Co. of America Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/10/2024quarterly$1.25 - 2.1%12/20/202412/20/20241/15/2025
8/27/2024quarterly$1.25 - 2.44%10/15/20249/16/2024
8/27/2024quarterly$1.25 - 2.44%10/15/20249/16/2024
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5/8/2024quarterly$1.25 - 2.8%6/14/20246/14/20247/15/2024
2/28/2024quarterly$1.25 - 2.84%3/14/20243/15/20244/15/2024
12/7/2023quarterly$1.25 - 3.04%12/15/202312/18/20231/15/2024
9/13/2023Quarterly$1.25 - 3.32%9/22/20239/25/202310/13/2023
5/2/2023quarterly$1.25 - 3.74%6/14/20236/15/20237/14/2023
2/23/2023quarterly$1.25 - 3.64%3/14/20233/15/20234/14/2023

This table shows Packaging Co. of America's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Packaging Co. of America Dividend - Frequently Asked Questions

The current dividend yield for Packaging Co. of America is 2.19%. Learn more on PKG's dividend yield history.

The annual dividend for PKG shares is $5.00. Learn more on PKG's annual dividend history.

Packaging Co. of America pays quarterly dividends to shareholders.

Packaging Co. of America's next quarterly dividend payment of $1.25 per share will be made to shareholders on Wednesday, January 15, 2025.

Packaging Co. of America's most recent quarterly dividend payment of $1.25 per share was made to shareholders on Monday, September 16, 2024.

Packaging Co. of America's most recent ex-dividend date was Friday, December 20, 2024.

Over the past three years, the company's dividend has grown by an average of 14.05% per year.

Packaging Co. of America has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.25 on Wednesday, May 18, 2022.

The dividend payout ratio for PKG is:
  • 58.28% based on the trailing year of earnings
  • 55.13% based on this year's estimates
  • 44.88% based on next year's estimates
  • 35.88% based on cash flow

Packaging Co. of America's dividend yield of 2.18% is higher than the average Industrial Products company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Packaging Co. of America's dividend payout ratio of 58.28% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Packaging Co. of America stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:PKG) was last updated on 12/22/2024 by MarketBeat.com Staff
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