- Packaging Corp Of America PKG has increased the annual payout of the cash dividend on its common stock by 25% to $5.00 from $4.00 per share.
- The first quarterly dividend of $1.25 per share will be paid to shareholders of record as of June 15, 2022, with a payment date of July 15, 2022.
- The company held $778.4 million in cash and equivalents as of March 31, 2022.
- Price Action: PKG shares closed lower by 4.67% at $151.32 on Wednesday.
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