Packaging Corporation of America
PKGConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.53%
Annual Dividend
$6.00
Payout Ratio
68%
5-Yr Growth
8.2%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Packaging Corporation of America (PKG) yields 2.53% ($6.00 per share annually), with a blended fair-value estimate of $225.23 — -5% downside, so it screens as fairly valued. Dividend safety grade: B (77/100).
Is PKG a good dividend stock?
YesPackaging Corporation of America (PKG) pays a quarterly dividend yielding 2.53% ($6.00/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
- 73% total price return over 5 years
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 2.53%
- Payout Ratio
- 68%
- Annual Dividend
- $6.00
- 5-Yr Avg Growth
- 8.2%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.80
- Market Cap
- $21.1B
- P/E Ratio
- 30.8
- 5-Yr Total Return
- 73%
- 52-Week Range
- $191.50 – $259.98
- Dividend Safety
- B · 77/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
PKG Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+55%
5 Years
+73%
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?
Fairly valuedhigh confidenceOur blended fair-value estimate for Packaging Corporation of America is $225.23 per share, versus a market price of $237.25. That implies the stock is roughly fairly priced.
Fair Value
$225.23
Current Price
$237.25
Gap
-5%
Margin of Safety
-5%
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 19.5% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $7.71 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $1.5000 | regular |
| Mar 13, 2026 | — | $1.2500 | regular |
| Dec 15, 2025 | — | $1.2500 | regular |
| Sep 15, 2025 | — | $1.2500 | regular |
| Jun 13, 2025 | — | $1.2500 | regular |
| Mar 14, 2025 | — | $1.2500 | regular |
| Dec 20, 2024 | — | $1.2500 | regular |
| Sep 16, 2024 | — | $1.2500 | regular |
| Jun 14, 2024 | — | $1.2500 | regular |
| Mar 14, 2024 | — | $1.2500 | regular |
| Dec 15, 2023 | — | $1.2500 | regular |
| Sep 22, 2023 | — | $1.2500 | regular |
| Jun 14, 2023 | — | $1.2500 | regular |
| Mar 14, 2023 | — | $1.2500 | regular |
Income Calculator
At $6.00 / yr per share
