LAKE FOREST, Ill.--(BUSINESS WIRE)--Feb. 26, 2015--
Packaging Corporation of America (NYSE: PKG) announced today that it
intends to increase the quarterly cash dividend on its common stock to
an annual payout of $2.20 per share from $1.60 per share, a 38%
increase. The first quarterly dividend of $0.55 per share will be paid
on April 15, 2015 to shareholders of record as of March 13, 2015. Future
declaration of quarterly dividends and the establishment of future
record and payment dates are subject to the final determination of PCA’s
Board of Directors.
Commenting on today’s announcement, Mark W. Kowlzan, Chief Executive
Officer of PCA, said, “This announcement marks the fifth time in the
last five years that PCA has increased the dividend on its common stock.
This reflects PCA’s commitment to generating value and returning cash to
shareholders.”
PCA is the fourth largest producer of containerboard and corrugated
packaging products in the United States and the third largest producer
of uncoated freesheet paper in North America. PCA operates eight paper
mills and 99 corrugated products plants and related facilities.
Source: Packaging Corporation of America
Packaging Corporation of America
Barbara Sessions
INVESTOR
RELATIONS: (877) 454-2509
PCA Web Site: www.packagingcorp.com