Packaging Corporation of America (NYSE: PKG) announced today that its Board approved a regular quarterly dividend of $0.79 per share on its common stock. The quarterly dividend of $0.79 per share will be paid to shareholders of record as of March 13, 2020 with a payment date of April 15, 2020. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA’s Board of Directors.

PCA is the third largest producer of containerboard products and the third largest producer of uncoated freesheet paper in North America. PCA operates eight paper mills and 95 corrugated products plants and related facilities.

Barbara Sessions Packaging Corporation of America INVESTOR RELATIONS: (877) 454-2509 PCA Web Site: www.packagingcorp.com

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