Dividend Growth of Packaging Corporation of America(PKG)

Packaging Corporation of America(PKG) is having a Dividend Yield of 2.64% with the Annual cash Dividend per share of $2.36. The last quarter cash dividend per share pay out was $0.63. Packaging Corporation of America has a 5 year average dividend yield of 2.87% and the stock has a Indicated annual dividend of $2.52. Packaging Corporation of America(PKG) formally announced its most recent dividend on December 14, 2016 with a Dividend per share of $0.63. The new indicated annual dividend based on announced dividend per share is $2.52. The dividend yield based on the forward looking indicated annual dividend is 2.64%. Packaging Corporation of America(PKG) has the most recent dividend payout ratio of 0.52 with a 5-year average payout ratio of 0.49. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Packaging Corporation of America(PKG) is at the rate of 23.61% while the R-Squared dividend growth is 0.93. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Packaging Corporation of America (NYSE:PKG) rose 1.22% or 1.16 points on Thursday and made its way into the gainers of the day. After trading began at $95.93 the stock was seen hitting $96.73 as a peak level and $95.58 as the lowest level. The stock ended up at $96.62. The daily volume was measured at 778,909 shares. The 52-week high of the share price is $96.87 and the 52-week low is $44.32. The company has a market cap of $9,104 million. Shares of Packaging Corporation of America rose by 3.06% in the last five trading days and 11.49% for the last 4 weeks. Packaging Corporation of America is up 13.28% in the last 3-month period. Year-to-Date the stock performance stands at 13.91%.

Currently the company Insiders own 1.1% of Packaging Corporation of America shares according to the proxy statements. Institutional Investors own 85.38% of Packaging Corporation of America shares. Company has reported several Insider transactions to the SEC, on Jul 25, 2016, Thomas W.h. Walton (SVP) sold 9,000 shares at 73.64 per share price.On Jul 25, 2016, Kent A. Pflederer (SVP) sold 1,100 shares at 74.30 per share price.On Apr 26, 2016, Charles J. Carter (SVP-Containerboard) sold 6,463 shares at 65.63 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Packaging Corp Of America was Downgraded by Barclays on Feb 6, 2017 to Equal Weight, Lowers Price Target to $ 90 from a previous price target of $92 .Packaging Corp Of America was Downgraded by CLSA to Outperform on Feb 1, 2017.

Packaging Corp Of America Last issued its quarterly earnings results on Jan 30, 2017. The company reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $1.16. The company had revenue of $1476.60 million for the quarter, compared to analysts expectations of $1443.73 million. The companys revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonly used type of paper packaging. Corrugated containers, referred to as cardboard boxes, are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes.


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