Packaging Corp of America

Packaging Corp has announced a regular quarterly dividend of $1.50 per common share. The dividend will be paid on October 15, 2026 to shareholders of record as of September 15, 2026. The board approved the payment; future dividend declarations remain at the board's discretion. » Mere på de.investing.com

Packaging Corp of America shares rose to a 52-week high of $250.43; the stock is currently at $246.14 with a market capitalization of about $21.9 billion. Over the past year the shares climbed 18.86%. For the second quarter the company reported adjusted earnings of $2.35 per share (expectation $2.31) and revenue of $2.49 billion, while deliveries in the core business increased by more than 24%. Higher freight costs, more expensive recycled fibers and operational outages weighed on margins; the stock offers a dividend yield of 2.57% and has paid a dividend for 24 years. » Mere på de.investing.com

Truist reaffirms a buy rating for Packaging Corporation of America and highlights the company as an industry leader with strong pricing power. The acquisition of GEF’s corrugated raw-paper business expands capacity and provides upside beyond the $60 million synergy target; the dividend was most recently increased by 20%. Positive demand trends and announced price increases (each $50/ton) should offset rising input costs and could add roughly $290 million of annualized EBITDA for Packaging Corporation for every $50/ton increase. » Mere på de.investing.com

Packaging Corporation of America will shut its converting plant in Richmond, Virginia, effective June, eliminating 110 jobs according to a WARN filing. PCA said it will coordinate with state and local authorities, assist employees seeking relocation to other PCA sites and continue operating a satellite warehouse in North Chesterfield while discussing staffing with the USW union. The closure follows earlier downsizing in Wallula, Washington, and recent plant closures in Allentown and Salisbury amid concurrent investments in other parts of PCA’s network. » Mere på finance.yahoo.com

Paul T. Stecko will leave the board of directors of Packaging Corp of America in 2026; the board will shrink from ten to nine members. Fabian C. Strauss was promoted to Senior Vice President – Finance, Controller & Treasurer and will also assume the role of principal accounting officer; his annual salary is $455,000 plus performance-based bonuses. The compensation committee approved new equity compensation agreements with performance units tied to TSR and ROIC, and adjusted vesting rules for retirement, disability and death. Former CFO Robert Mundy is retiring and will become a special advisor; his restricted stock and performance units will vest or be treated as previously planned. In addition, the company slightly missed EPS and revenue expectations in Q4 2025, but announced a quarterly dividend of $1.25 and received buy ratings from Truist and BofA despite pressure from falling containerboard prices. » Mere på de.investing.com