PKG Packaging Corporation of America — dividend yield, history & ex-dividend dates
Packaging Corporation of America (PCA) is a U.S.-based enterprise specializing in the production and sale of containerboard and corrugated packaging materials. Its operations are organized into two primary divisions: Packaging and Paper. The Packaging division offers an extensive array of containerboard and corrugated solutions. These encompass conventional shipping containers designed for safeguarding and transporting manufactured goods, vibrant multi-color boxes and point-of-sale displays aimed at enhancing product merchandising in retail environments, and honeycomb protective packaging. This segment also provides specialized packaging for perishable goods like meat and fresh produce, processed foods, beverages, and a broad spectrum of other industrial and consumer products. Its corrugated offerings reach customers through a multi-channel approach, utilizing a dedicated direct sales and marketing team, independent brokers, and various distribution partners. Meanwhile, the Paper segment focuses on manufacturing and distributing a range of commodity and specialty papers. This includes communication papers, such as standard cut-size office paper, along with specialized printing and converting papers. Sales of its white paper products are managed directly by its internal sales and marketing organization. Tracing its origins back to 1867, Packaging Corporation of America maintains its corporate headquarters in Lake Forest, Illinois.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
How the Dividend Safety Score is built for PKG
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 65% (TTM to Jun 30, 2026) | 72 | 20% |
| FCF payout ratio | FCF payout ratio 60% (TTM to Jun 30, 2026) | 87 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 2.1x (TTM to Jun 30, 2026) | 82 | 15% |
| Interest coverage | Interest coverage 8.7x (TTM to Jun 30, 2026) | 86 | 10% |
| Dividend record | 22 years of uninterrupted regular payments | 86 | 20% |
| Earnings stability | Net income positive in 5 of the last 5 fiscal years (FY2021–FY2025) | 100 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for PKG
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 8.2% (2020–2025) | 91 | 25% |
| Consecutive annual increases | 0 consecutive annual increases (through 2025) | 10 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 65% (TTM to Jun 30, 2026) | 61 | 20% |
| Earnings per share growth (3 years) | EPS CAGR -8.0% (FY2022–FY2025) | 6 | 15% |
| Revenue growth (3 years) | Revenue CAGR 2.0% (FY2022–FY2025) | 57 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 8.6% (2015–2025) | 93 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Value Score is built for PKG
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 12th percentile of its 120 month-end yields | 12 | 40% |
| P/E vs own 5-year median | P/E 32.1 is 1.67x its 5-year median of 19.2 | 0 | 25% |
| FCF yield | FCF yield 3.3% (TTM to Jun 30, 2026) | 44 | 20% |
| P/E vs peers | P/E 32.1 vs peer median 17.1 (1.88x; 97 corporation / Consumer Cyclical securities) | 0 | 15% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
2.36%
At the Oct 30, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$6.0000
Declared Sep 02, 2026
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
68
As of Oct 30, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$191.68 – $257.43
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
61.69%
12 months to Sep 30, 2026 (Q3 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
22
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
4.71
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
PKG has raised its annual dividend in 16 separate years since December 2003, which ranks 678 among the 2,430 payers with a comparable record in our dataset. In 1 year the annual total fell by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
PKG's dividend yield fell from 2.39% to 2.36% over the past ~90 days (-0.03 pp). Of that move, +0.00 pp came from changes in the dividend rate and -0.03 pp from the share price ($251.09 on Aug 03, 2026 → $254.53 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 272 daily observations over the past 13 months (through Oct 23, 2026), PKG's current yield is higher than approximately 31% of them. Our stored price history for PKG covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $1.5000 Q | Regular | Sep 02, 2026 | Sep 15, 2026 | Sep 15, 2026 | Oct 15, 2026 |
| $1.5000 Q | Regular | May 12, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jul 15, 2026 |
| $1.2500 Q | Regular | Feb 25, 2026 | Mar 13, 2026 | Mar 13, 2026 | Apr 15, 2026 |
| $1.2500 Q | Regular | Dec 03, 2025 | Dec 15, 2025 | Dec 15, 2025 | Jan 14, 2026 |
| $1.2500 Q | Regular | Aug 20, 2025 | Sep 15, 2025 | Sep 15, 2025 | Oct 15, 2025 |
| $1.2500 Q | Regular | May 07, 2025 | Jun 13, 2025 | Jun 13, 2025 | Jul 15, 2025 |
| $1.2500 Q | Regular | Feb 26, 2025 | Mar 14, 2025 | Mar 14, 2025 | Apr 15, 2025 |
| $1.2500 Q | Regular | Dec 10, 2024 | Dec 20, 2024 | Dec 20, 2024 | Jan 15, 2025 |
| $1.2500 Q | Regular | Aug 27, 2024 | Sep 16, 2024 | Sep 16, 2024 | Oct 15, 2024 |
| $1.2500 Q | Regular | May 08, 2024 | Jun 14, 2024 | Jun 14, 2024 | Jul 15, 2024 |
| $1.2500 Q | Regular | Feb 28, 2024 | Mar 14, 2024 | Mar 15, 2024 | Apr 15, 2024 |
| $1.2500 Q | Regular | Dec 07, 2023 | Dec 15, 2023 | Dec 18, 2023 | Jan 15, 2024 |
| $1.2500 Q | Regular | Sep 13, 2023 | Sep 22, 2023 | Sep 25, 2023 | Oct 13, 2023 |
| $1.2500 Q | Regular | May 02, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jul 14, 2023 |
| $1.2500 Q | Regular | Feb 23, 2023 | Mar 14, 2023 | Mar 15, 2023 | Apr 14, 2023 |
| $1.2500 Q | Regular | Dec 08, 2022 | Dec 16, 2022 | Dec 19, 2022 | Jan 13, 2023 |
| $1.2500 Q | Regular | Sep 21, 2022 | Sep 30, 2022 | Oct 03, 2022 | Oct 17, 2022 |
| $1.2500 Q | Regular | May 18, 2022 | Jun 14, 2022 | Jun 15, 2022 | Jul 15, 2022 |
| $1.0000 Q | Regular | Feb 24, 2022 | Mar 14, 2022 | Mar 15, 2022 | Apr 15, 2022 |
| $1.0000 Q | Regular | Dec 10, 2021 | Dec 17, 2021 | Dec 20, 2021 | Jan 14, 2022 |
| $1.0000 Q | Regular | Aug 26, 2021 | Sep 14, 2021 | Sep 15, 2021 | Oct 15, 2021 |
| $1.0000 Q | Regular | May 05, 2021 | Jun 14, 2021 | Jun 15, 2021 | Jul 15, 2021 |
| $1.0000 Q | Regular | Feb 24, 2021 | Mar 12, 2021 | Mar 15, 2021 | Apr 15, 2021 |
| $1.0000 Q | Regular | Dec 10, 2020 | Dec 18, 2020 | Dec 21, 2020 | Jan 15, 2021 |
| $0.7900 Q | Regular | Aug 25, 2020 | Sep 14, 2020 | Sep 15, 2020 | Oct 15, 2020 |
| $0.7900 Q | Regular | May 05, 2020 | Jun 12, 2020 | Jun 15, 2020 | Jul 15, 2020 |
| $0.7900 Q | Regular | Feb 25, 2020 | Mar 12, 2020 | Mar 13, 2020 | Apr 15, 2020 |
| $0.7900 Q | Regular | Dec 10, 2019 | Dec 19, 2019 | Dec 20, 2019 | Jan 15, 2020 |
| $0.7900 Q | Regular | Aug 21, 2019 | Sep 12, 2019 | Sep 13, 2019 | Oct 15, 2019 |
| $0.7900 Q | Regular | May 10, 2019 | Jun 13, 2019 | Jun 14, 2019 | Jul 15, 2019 |
| $0.7900 Q | Regular | Feb 28, 2019 | Mar 14, 2019 | Mar 15, 2019 | Apr 15, 2019 |
| $0.7900 Q | Regular | Dec 05, 2018 | Dec 14, 2018 | Dec 17, 2018 | Jan 15, 2019 |
| $0.7900 Q | Regular | Aug 30, 2018 | Sep 13, 2018 | Sep 14, 2018 | Oct 15, 2018 |
| $0.7900 Q | Regular | May 15, 2018 | Jun 14, 2018 | Jun 15, 2018 | Jul 13, 2018 |
| $0.6300 Q | Regular | Feb 27, 2018 | Mar 14, 2018 | Mar 15, 2018 | Apr 13, 2018 |
| $0.6300 Q | Regular | Dec 14, 2017 | Dec 22, 2017 | Dec 26, 2017 | Jan 12, 2018 |
| $0.6300 Q | Regular | Aug 22, 2017 | Sep 14, 2017 | Sep 15, 2017 | Oct 13, 2017 |
| $0.6300 Q | Regular | May 19, 2017 | Jun 13, 2017 | Jun 15, 2017 | Jul 14, 2017 |
| $0.6300 Q | Regular | Mar 06, 2017 | Mar 13, 2017 | Mar 15, 2017 | Apr 14, 2017 |
| $0.6300 Q | Regular | Dec 14, 2016 | Dec 21, 2016 | Dec 23, 2016 | Jan 13, 2017 |
| $0.6300 Q | Regular | Sep 01, 2016 | Sep 13, 2016 | Sep 15, 2016 | Oct 14, 2016 |
| $0.5500 Q | Regular | May 20, 2016 | Jun 13, 2016 | Jun 15, 2016 | Jul 15, 2016 |
| $0.5500 Q | Regular | Feb 26, 2016 | Mar 11, 2016 | Mar 15, 2016 | Apr 15, 2016 |
| $0.5500 Q | Regular | Dec 16, 2015 | Dec 23, 2015 | Dec 28, 2015 | Jan 15, 2016 |
| $0.5500 Q | Regular | Sep 01, 2015 | Sep 11, 2015 | Sep 15, 2015 | Oct 15, 2015 |
| $0.5500 Q | Regular | May 21, 2015 | Jun 11, 2015 | Jun 15, 2015 | Jul 15, 2015 |
| $0.5500 Q | Regular | Mar 02, 2015 | Mar 11, 2015 | Mar 13, 2015 | Apr 15, 2015 |
| $0.4000 Q | Regular | Dec 10, 2014 | Dec 17, 2014 | Dec 19, 2014 | Jan 15, 2015 |
| $0.4000 Q | Regular | Aug 29, 2014 | Sep 11, 2014 | Sep 15, 2014 | Oct 15, 2014 |
| $0.4000 Q | Regular | May 15, 2014 | Jun 11, 2014 | Jun 13, 2014 | Jul 15, 2014 |
| $0.4000 Q | Regular | Feb 28, 2014 | Mar 12, 2014 | Mar 14, 2014 | Apr 15, 2014 |
| $0.4000 Q | Regular | Dec 12, 2013 | Dec 19, 2013 | Dec 23, 2013 | Jan 15, 2014 |
| $0.4000 Q | Regular | Aug 28, 2013 | Sep 11, 2013 | Sep 13, 2013 | Oct 15, 2013 |
| $0.4000 Q | Regular | May 16, 2013 | Jun 12, 2013 | Jun 14, 2013 | Jul 15, 2013 |
| $0.3125 Q | Regular | Jan 16, 2013 | Mar 13, 2013 | Mar 15, 2013 | Apr 15, 2013 |
| $0.2500 Q | Regular | Dec 07, 2012 | Dec 13, 2012 | Dec 17, 2012 | Dec 28, 2012 |
| $0.2500 Q | Regular | Sep 06, 2012 | Sep 13, 2012 | Sep 17, 2012 | Oct 15, 2012 |
| $0.2500 Q | Regular | May 14, 2012 | Jun 13, 2012 | Jun 15, 2012 | Jul 13, 2012 |
| $0.2500 Q | Regular | Feb 23, 2012 | Mar 13, 2012 | Mar 15, 2012 | Apr 13, 2012 |
| $0.2000 Q | Regular | Dec 12, 2011 | Dec 15, 2011 | Dec 19, 2011 | Jan 13, 2012 |
| $0.2000 Q | Regular | Sep 02, 2011 | Sep 13, 2011 | Sep 15, 2011 | Oct 14, 2011 |
| $0.2000 Q | Regular | May 13, 2011 | Jun 13, 2011 | Jun 15, 2011 | Jul 15, 2011 |
| $0.2000 Q | Regular | Feb 24, 2011 | Mar 11, 2011 | Mar 15, 2011 | Apr 15, 2011 |
| $0.1500 Q | Regular | Dec 08, 2010 | Dec 13, 2010 | Dec 15, 2010 | Jan 14, 2011 |
| $0.1500 Q | Regular | Sep 02, 2010 | Sep 13, 2010 | Sep 15, 2010 | Oct 15, 2010 |
| $0.1500 Q | Regular | May 17, 2010 | Jun 11, 2010 | Jun 15, 2010 | Jul 15, 2010 |
| $0.1500 Q | Regular | Mar 01, 2010 | Mar 11, 2010 | Mar 15, 2010 | Apr 15, 2010 |
| $0.1500 Q | Regular | Dec 09, 2009 | Dec 11, 2009 | Dec 15, 2009 | Jan 15, 2010 |
| $0.1500 Q | Regular | Sep 08, 2009 | Sep 11, 2009 | Sep 15, 2009 | Oct 15, 2009 |
| $0.1500 Q | Regular | May 29, 2009 | Jun 11, 2009 | Jun 15, 2009 | Jul 15, 2009 |
| $0.1500 Q | Regular | Feb 26, 2009 | Mar 11, 2009 | Mar 13, 2009 | Apr 15, 2009 |
| $0.3000 Q | Regular | Dec 04, 2008 | Dec 11, 2008 | Dec 15, 2008 | Jan 15, 2009 |
| $0.3000 Q | Regular | Sep 09, 2008 | Sep 11, 2008 | Sep 15, 2008 | Oct 15, 2008 |
| $0.3000 Q | Regular | May 16, 2008 | Jun 11, 2008 | Jun 13, 2008 | Jul 15, 2008 |
| $0.3000 Q | Regular | Feb 20, 2008 | Mar 12, 2008 | Mar 14, 2008 | Apr 15, 2008 |
| $0.3000 Q | Regular | Oct 17, 2007 | Dec 12, 2007 | Dec 14, 2007 | Jan 15, 2008 |
| $0.2500 Q | Regular | Sep 11, 2007 | Sep 12, 2007 | Sep 14, 2007 | Oct 15, 2007 |
| $0.2500 Q | Regular | Jun 04, 2007 | Jun 13, 2007 | Jun 15, 2007 | Jul 13, 2007 |
| $0.2500 Q | Regular | Mar 05, 2007 | Mar 13, 2007 | Mar 15, 2007 | Apr 13, 2007 |
| $0.2500 Q | Regular | Dec 07, 2006 | Dec 13, 2006 | Dec 15, 2006 | Jan 12, 2007 |
| $0.2500 Q | Regular | Aug 25, 2006 | Sep 13, 2006 | Sep 15, 2006 | Oct 13, 2006 |
| $0.2500 Q | Regular | May 16, 2006 | Jun 13, 2006 | Jun 15, 2006 | Jul 14, 2006 |
| $0.2500 Q | Regular | Feb 13, 2006 | Mar 13, 2006 | Mar 15, 2006 | Apr 14, 2006 |
| $0.2500 Q | Regular | Dec 09, 2005 | Dec 13, 2005 | Dec 15, 2005 | Jan 13, 2006 |
| $0.2500 Q | Regular | Aug 25, 2005 | Sep 13, 2005 | Sep 15, 2005 | Oct 14, 2005 |
| $0.2500 Q | Regular | May 06, 2005 | Jun 13, 2005 | Jun 15, 2005 | Jul 15, 2005 |
| $0.2500 Q | Regular | Jan 19, 2005 | Mar 11, 2005 | Mar 15, 2005 | Apr 15, 2005 |
| $0.1500 Q | Regular | Dec 08, 2004 | Dec 13, 2004 | Dec 15, 2004 | Jan 18, 2005 |
| $0.1500 Q | Regular | Sep 01, 2004 | Sep 13, 2004 | Sep 15, 2004 | Oct 15, 2004 |
| $0.1500 Q | Regular | May 14, 2004 | Jun 14, 2004 | Jun 15, 2004 | Jul 15, 2004 |
| $0.1500 Q | Regular | Mar 05, 2004 | Mar 11, 2004 | Mar 15, 2004 | Apr 15, 2004 |
| $0.1500 Q | Regular | Oct 13, 2003 | Dec 11, 2003 | Dec 15, 2003 | Jan 15, 2004 |
Peer Comparison
Selected Packaging & Containers dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| WIPKF | Winpak Ltd. | 0.44% | 9.8% | 2 yrs | 85 |
| AVY | Avery Dennison Corporation | 2.20% | 9.4% | 15 yrs | 84 |
| WPK.TO | Winpak Ltd. | 0.45% | 10.8% | 2 yrs | 77 |
| VDRFF | Vidrala, S.A. | 0.55% | 10.6% | 3 yrs | 76 |
Related Guides & Lists
PKG dividend — frequently asked questions
Does Packaging Corporation of America pay a dividend?
Yes. Packaging Corporation of America (PKG) currently pays a dividend. The annualized dividend is about $6.00 per share, a yield of approximately 2.36%.
What is Packaging Corporation of America's dividend yield?
Packaging Corporation of America's dividend yield is approximately 2.36%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Packaging Corporation of America pay dividends?
Packaging Corporation of America pays dividends quarterly — 4 times per year.
How long has Packaging Corporation of America paid dividends?
Packaging Corporation of America has 22 years of dividend payments on record.
Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.