Packaging Corporation of America (NYSE:PKG) Updates On Dividend Release Date


On 2016-05-20, Packaging Corporation of America (NYSE:PKG) confirmed the dividend disbursement of $0.55 a share to shareholders as on record 2016-06-15. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Packaging Corporation of America (NYSE:PKG) paid a total of $0.55 per share in dividends. This figure stood at $0.55 a share in the same period a year ago indicating a deviation of 37.5%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $78.875 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $84 and $65, respectively.

Taking the mathematical rating formula, the price for Packaging Corporation of America (NYSE:PKG) stands at 2.09. Earnings Review Packaging Corporation of America (NYSE:PKG) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $1.31.

Coming to the quarter ending on 2015-12-31, Packaging Corporation of America (NYSE:PKG) recorded EPS of $1.25. The reported numbers came lower than the analysts’ estimates of $1.18, demonstrating a miss of $0.07 as against reported figures.

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