Packaging Corporation of America (PKG) to Issue Quarterly Dividend of $1.25 on January 14th

by · The Cerbat Gem

Packaging Corporation of America (NYSE:PKG – Get Free Report) announced a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Monday, December 15th will be paid a dividend of 1.25 per share by the industrial products company on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th.

Packaging Corporation of America has raised its dividend payment by an average of 0.1%per year over the last three years. Packaging Corporation of America has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Packaging Corporation of America to earn $11.41 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 43.8%.

Packaging Corporation of America Price Performance

Shares of NYSE PKG traded down $0.54 during midday trading on Friday, reaching $204.76. 793,187 shares of the company were exchanged, compared to its average volume of 730,397. The stock’s 50-day moving average price is $202.08 and its 200-day moving average price is $202.42. The stock has a market cap of $18.42 billion, a P/E ratio of 20.70, a PEG ratio of 1.50 and a beta of 0.89. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a one year low of $172.71 and a one year high of $242.68.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Wells Fargo & Company boosted their price objective on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup lifted their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. UBS Group boosted their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Hold” and an average target price of $230.67.

Check Out Our Latest Stock Analysis on Packaging Corporation of America

About Packaging Corporation of America

(Get Free Report)

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.

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