Packaging Corporation of America (NYSE:PKG) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.79 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 3.05 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Packaging Corporation of America recently reported second quarter financial results on July 28, 2020, after market close, the Lake Forest based company unfold income for the second quarter of $ 1.38 per share, from the revenue of $ 1,542.00 million. The quarterly earnings fell 32.35 percent while revenues fell 12.38 percent compared with the same quarter last year.
Wall street analysts are predicting, PKG to report 2Q20 income of $ 1.28 per share from revenue of $ 1634.63 million. The bottom line results beat street analysts by $ 0.1 or 7.81 percent, at the same time, top line results fell short of analysts by $ 92.63 million or 5.67 percent.
Stock Performance
Shares of Packaging Corporation of America traded low $ -1.00 or -0.96 percent on Thursday, reaching $ 103.51 with volume of 903.40 thousand shares. Packaging Corporation of America has traded high as $ 105.42 and has cracked $ 102.68 on the downward trend
According to the previous trading day, closing price of $ 103.51, representing a 47.09 % increase from the 52 week low of $ 71.05 and a 8.95 % decrease over the 52 week high of $ 114.78.
The company has a market capital of $ 9.82 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The companys Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products. It also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.
