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. » Więcej na 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. » Więcej na 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. » Więcej na de.investing.com