Packaging Corporation of America Paints the Town Red Again
Packaging Corporation of America (NYSE: PKG) has rewarded its shareholders by announcing a hike in its annual dividend rate. The manufacturer of containerboard products has been offering incremental dividends for the last 13 years. Shares of this $14.2-billion company closed at $151.02 on Wednesday. Inside the Headlines The company''s annual dividend rate has been increased to $5 per share from the earlier rate of $4 per share. This represents a rise of 25% in the annual rate. Consequently, the company’s quarterly dividend rate now comes at $1.25 per share, higher than the previous rate of $1 per share.
Packaging Corporation of America Paints the Town Red Again
Packaging Corporation of America (NYSE: PKG) has rewarded its shareholders by announcing a hike in its annual dividend rate. The manufacturer of containerboard products has been offering incremental dividends for the last 13 years. Shares of this $14.2-billion company closed at $151.02 on Wednesday. Inside the Headlines The company''s annual dividend rate has been increased to $5 per share from the earlier rate of $4 per share. This represents a rise of 25% in the annual rate. Consequently, the company’s quarterly dividend rate now comes at $1.25 per share, higher than the previous rate of $1 per share.