Packaging Corporation of America
PKGConsumer Cyclical · Packaging & Containers · Stock · quarterly payer
Forward Yield
—
Annual Dividend
$5.50
Payout Ratio
—
5-Yr Growth
8.2%
Ex-Date
—
Frequency
Quarterly
Key facts about PKG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, PKG's dividend safety grade from SmarterDividends is B (78 out of 100), which rates the dividend as safe.
- PKG last cut its regular dividend in 2009.
- PKG's most recent ex-dividend date was Sep 15, 2026, for a dividend of $1.50 per share.
- PKG's dividend has grown at an average rate of 8.2% a year over the past five years.
- Packaging Corporation of America (PKG) pays its dividend quarterly, 4 times a year.
- Packaging Corporation of America (PKG) has raised its regular dividend 12 times and cut it 1 time across the 92 payments on record since 2003. Its most recent change was a 20.0% increase to $1.50 per share, going ex-dividend on Jun 15, 2026. The last cut went ex-dividend on Mar 11, 2009.
Cite this page
SmarterDividends, "PKG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/PKG
Summary
As of Oct 24, 2026, Packaging Corporation of America (PKG) yields — ($5.50 a year per share) and has a dividend safety grade of B (78/100).
Is PKG a good dividend stock?
YesPackaging Corporation of America (PKG) pays a quarterly dividend yielding — ($5.50/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Strong 8.2% 5-yr dividend growth
- 89% total price return over 5 years
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- —
- Payout Ratio
- —
- Annual Dividend
- $5.50
- 5-Yr Avg Growth
- 8.2%
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- 89%
- 52-Week Range
- $191.50 – $259.98
- Dividend Safety
- B · 78/100
- Ever Cut?
- Yes (2009)
PKG dividend raises and cuts
Packaging Corporation of America (PKG) has raised its regular dividend 12 times and cut it 1 time across the 92 payments on record since 2003. Its most recent change was a 20.0% increase to $1.50 per share, going ex-dividend on Jun 15, 2026. The last cut went ex-dividend on Mar 11, 2009.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 15, 2026 | Raise | $1.25 → $1.50 | +20.0% |
| Jun 14, 2022 | Raise | $1.00 → $1.25 | +25.0% |
| Dec 18, 2020 | Raise | $0.790 → $1.00 | +26.6% |
| Jun 14, 2018 | Raise | $0.630 → $0.790 | +25.4% |
| Sep 13, 2016 | Raise | $0.550 → $0.630 | +14.5% |
| Mar 11, 2015 | Raise | $0.400 → $0.550 | +37.5% |
| Jun 12, 2013 | Raise | $0.313 → $0.400 | +27.8% |
| Mar 13, 2013 | Raise | $0.250 → $0.313 | +25.2% |
| Mar 13, 2012 | Raise | $0.200 → $0.250 | +25.0% |
| Mar 11, 2011 | Raise | $0.150 → $0.200 | +33.3% |
| Mar 11, 2009 | Cut | $0.300 → $0.150 | −50.0% |
| Dec 12, 2007 | Raise | $0.250 → $0.300 | +20.0% |
Show all 13 changes since 2005
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 11, 2005 | Raise | $0.150 → $0.250 | +66.7% |
Frequently Asked Questions
Is PKG a good dividend stock?
Yes. Packaging Corporation of America (PKG) pays a quarterly dividend yielding — ($5.50/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is PKG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PKG's fair value is about $191.14 versus a $236.00 share price — so it looks overvalued (-19% vs. fair value).
Is PKG's dividend safe?
PKG has a dividend-safety grade of B (78/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is PKG's fair value?
Our blended fair-value estimate for PKG is about $191.14 per share, about 19% below the current $236.00 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PKG a buy, hold, or sell?
We don't issue formal ratings, but on the data PKG screens as "yes" and overvalued. Packaging Corporation of America (PKG) pays a quarterly dividend yielding — ($5.50/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will PKG cut its dividend?
PKG earns a dividend-safety grade of B (78/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PKG pay a dividend?
Yes. Packaging Corporation of America pays a quarterly dividend of about $5.50 per share annually, a forward yield of roughly —.
What is PKG's dividend yield?
As of Oct 24, 2026, PKG's forward dividend yield is —, based on a $5.50 annual dividend and a $0.00 share price.
What is PKG's dividend per share?
As of Oct 24, 2026, PKG pays $5.50 per share per year, distributed on a quarterly basis.
How many years has PKG grown its dividend?
PKG does not currently have a long dividend-growth streak on record.
When is the next PKG ex-dividend date?
As of Oct 24, 2026, PKG's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $1.50 per share.
PKG Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+47%
5 Years
+89%
52-Week Range
$191.50 – $259.98
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PKG worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Packaging Corporation of America is $191.14 per share, versus a market price of $236.00. That implies 19% of downside.
Fair Value
$191.14
Current Price
$236.00
Downside
-19%
Margin of Safety
-23%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 14.4% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.2% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $7.69 EPS, $6.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PKG Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PKG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Oct 15, 2026 | $1.5000 | regular |
| Jun 15, 2026 | Jul 15, 2026 | $1.5000 | regular |
| Mar 13, 2026 | Apr 15, 2026 | $1.2500 | regular |
| Dec 15, 2025 | Jan 14, 2026 | $1.2500 | regular |
| Sep 15, 2025 | Oct 15, 2025 | $1.2500 | regular |
| Jun 13, 2025 | Jul 15, 2025 | $1.2500 | regular |
| Mar 14, 2025 | Apr 15, 2025 | $1.2500 | regular |
| Dec 20, 2024 | Jan 15, 2025 | $1.2500 | regular |
| Sep 16, 2024 | Oct 15, 2024 | $1.2500 | regular |
| Jun 14, 2024 | Jul 15, 2024 | $1.2500 | regular |
| Mar 14, 2024 | Apr 15, 2024 | $1.2500 | regular |
| Dec 15, 2023 | Jan 15, 2024 | $1.2500 | regular |
| Sep 22, 2023 | Oct 13, 2023 | $1.2500 | regular |
| Jun 14, 2023 | Jul 14, 2023 | $1.2500 | regular |
Income Calculator
At $5.50 / yr per share
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