LAKE FOREST, Ill. - Packaging (NYSE:PKG) Corporation of America (NYSE: PKG) has announced that its Board of Directors has approved the continuation of its regular quarterly dividend. The company will pay $1.25 per share to shareholders of record as of March 15, 2024, with the dividend scheduled for distribution on April 15, 2024.
As a prominent player in the North American market, Packaging Corporation of America holds the position of the third-largest producer of containerboard products and is also recognized as a leading producer of uncoated freesheet paper. The company's operational footprint includes eight paper mills and 86 corrugated products plants, along with related facilities.
The declaration and payment of future quarterly dividends will be determined by the PCA Board of Directors, subject to their discretion. This recent announcement reflects the company's ongoing commitment to providing returns to its shareholders.
This information is based on a press release statement from Packaging Corporation of America.
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