LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors has a free review on Packaging Corp. of America (NYSE: PKG) following the Company's announcement that it will begin trading ex-dividend on December 22, 2017. To capture the dividend payout, investors are required to purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on December 21, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PKG:

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Dividend Declared

On December 15, 2017, Packaging Corp. of America announced that its Board approved a regular quarterly dividend of $0.63 per share on its common stock. The quarterly dividend of $0.63 per share will be paid to shareholders of record as of December 26, 2017, with a payment date of January 12, 2018.

Packaging Corp. indicated dividend represents a yield of 2.15%, which is substantially above compared to the average dividend yield of 1.60% for the Consumer Goods sector. The Company has raised dividend for six consecutive years.

Dividend Insights

Packaging Corp. has a dividend payout ratio of 42.1%, which denotes that the Company spends approximately $0.42 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Packaging Corp. is forecasted to report earnings of $6.75 per share for the next year, which is substantially above the Company's annualized dividend of $1.72 per share.

As of September 30, 2017, Packaging Corp. had cash and cash equivalents of $370.5 million compared to $239.3 million at December 31, 2016. The Company reported that cash provided by operating activities for the nine months ended September 30, 2017, was $583.3 million compared to $593.5 million in the same period a year same ago. The Company's financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Packaging Corp. of America

Packaging Corp. of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The Company is the fourth largest producer of containerboard products and the third largest producer of uncoated freesheet paper in the United States, based on production capacity. Packaging Corp. operates eight paper mills and 94 corrugated products plants and related facilities. The Company was founded in 1867 and is headquartered in Lake Forest, Illinois.

Stock Performance Snapshot

December 20, 2017 - At Wednesday's closing bell, Packaging Corp.'s stock slightly rose 0.76%, ending the trading session at $119.74.

Volume traded for the day: 919.34 thousand shares, which was above the 3-month average volume of 741.68 thousand shares.

Stock performance in the last month ? up 7.13%; previous three-month period ? up 0.79%; past twelve-month period ? up 38.08%; and year-to-date ? up 41.17%

After yesterday's close, Packaging Corp.'s market cap was at $11.26 billion.

Price to Earnings (P/E) ratio was at 22.16.

The stock has a dividend yield of 2.10%.

The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry.

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