Packaging Corporation of America Announces 15% Dividend Increase
August 31 2016 - 05:00PM
Business Wire
Packaging Corporation of America (NYSE: PKG) announced today
that it intends to increase the quarterly cash dividend on its
common stock to an annual payout of $2.52 per share from $2.20 per
share, a 15% increase. The first quarterly dividend of $0.63 per
share will be paid on October 14, 2016 to shareholders of record as
of September 15, 2016. Future declaration of quarterly dividends
and the establishment of future record and payment dates are
subject to the final determination of PCA’s Board of Directors.
Commenting on today’s announcement, Mark W. Kowlzan, Chief
Executive Officer of PCA, said, “This announcement marks the sixth
time in the last six years that PCA has increased the dividend on
its common stock. This reflects PCA’s on-going commitment to
generating value and returning cash to shareholders.”
PCA is the fourth largest producer of containerboard and
corrugated packaging products in the United States and the third
largest producer of uncoated freesheet paper in North America. PCA
operates eight mills and 96 corrugated products plants and related
facilities.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160831006462/en/
Packaging Corporation of AmericaBarbara SessionsINVESTOR
RELATIONS: (877) 454-2509PCA’s Website: www.packagingcorp.com
Packaging (NYSE:PKG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Packaging (NYSE:PKG)
Historical Stock Chart
From Mar 2023 to Mar 2024