Packaging Corporation of America (PKG) Dividend History & Yield
Packaging Corporation of America (PKG) has increased its dividend for multiple years and currently yields 2.35%. The most recent dividend was $1.2500/share on Apr 15, 2026, paid Quarterly.
Current Yield
2.35%
TTM Dividend/Share
$5.00
Payment Frequency
Quarterly
Payout Ratio
60.8%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
8.21%
Div Growth (10Y CAGR)
8.56%
PKG: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
10.6%
FCF payout ratio
16.1%
Net debt / EBITDA
2.2x
Interest coverage
12.28x
ROIC (TTM)
9.5%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 60.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($8.09) covers dividend/share ($5.00).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 16.1%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.2x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.2%) exceeds EPS growth (-2.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 15, 2026
- Payment date
- Jul 15, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Mar 13, 2026
- Payment date
- Apr 15, 2026
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Dec 15, 2025
- Payment date
- Jan 14, 2026
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Sep 15, 2025
- Payment date
- Oct 15, 2025
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Jun 13, 2025
- Payment date
- Jul 15, 2025
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Mar 14, 2025
- Payment date
- Apr 15, 2025
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Dec 20, 2024
- Payment date
- Jan 15, 2025
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Sep 16, 2024
- Payment date
- Oct 15, 2024
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Jun 14, 2024
- Payment date
- Jul 15, 2024
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Mar 14, 2024
- Payment date
- Apr 15, 2024
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Dec 15, 2023
- Payment date
- Jan 15, 2024
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
Ex-date Sep 22, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $1.2500
- Adj. dividend
- $1.2500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 15, 2026 | Jul 15, 2026 | $1.5000 | $1.5000 |
| Mar 13, 2026 | Apr 15, 2026 | $1.2500 | $1.2500 |
| Dec 15, 2025 | Jan 14, 2026 | $1.2500 | $1.2500 |
| Sep 15, 2025 | Oct 15, 2025 | $1.2500 | $1.2500 |
| Jun 13, 2025 | Jul 15, 2025 | $1.2500 | $1.2500 |
| Mar 14, 2025 | Apr 15, 2025 | $1.2500 | $1.2500 |
| Dec 20, 2024 | Jan 15, 2025 | $1.2500 | $1.2500 |
| Sep 16, 2024 | Oct 15, 2024 | $1.2500 | $1.2500 |
| Jun 14, 2024 | Jul 15, 2024 | $1.2500 | $1.2500 |
| Mar 14, 2024 | Apr 15, 2024 | $1.2500 | $1.2500 |
| Dec 15, 2023 | Jan 15, 2024 | $1.2500 | $1.2500 |
| Sep 22, 2023 | Oct 13, 2023 | $1.2500 | $1.2500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 16 year-over-year increases across 22 calendar years of data (2004–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.0000 | — | — |
| 2025 | $5.0000 | $5.0000 | 0.0% |
| 2024 | $5.0000 | $5.0000 | 0.0% |
| 2023 | $4.7500 | $5.0000 | +5.3% |
| 2022 | $4.0000 | $4.7500 | +18.8% |
| 2021 | $3.3700 | $4.0000 | +18.7% |
| 2020 | $3.1600 | $3.3700 | +6.6% |
| 2019 | $3.0000 | $3.1600 | +5.3% |
| 2018 | $2.5200 | $3.0000 | +19.0% |
| 2017 | $2.3600 | $2.5200 | +6.8% |
| 2016 | $2.2000 | $2.3600 | +7.3% |
| 2015 | $1.6000 | $2.2000 | +37.5% |
| 2014 | $1.5125 | $1.6000 | +5.8% |
| 2013 | $1.0000 | $1.5125 | +51.3% |
| 2012 | $0.8000 | $1.0000 | +25.0% |
| 2011 | $0.6000 | $0.8000 | +33.3% |
| 2010 | $0.6000 | $0.6000 | 0.0% |
| 2009 | $1.2000 | $0.6000 | -50.0% |
| 2008 | $1.0500 | $1.2000 | +14.3% |
| 2007 | $1.0000 | $1.0500 | +5.0% |
| 2006 | $1.0000 | $1.0000 | 0.0% |
| 2005 | $0.6000 | $1.0000 | +66.7% |
| 2004 | — | $0.6000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Packaging Corporation of America (PKG) from the consolidated cash flow statement, in USD as filed.
Latest period
$449.20M
YoY change
+0.2%
5Y CAGR
+8.5%
Peak year (2025)
$449.60M
Latest annual
$449.60M
Cash dividends paid over time for Packaging Corporation of America (PKG)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Packaging Corporation of America (PKG)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $449.60M | +0.2% | +$800,000 | ||
| 2024 | $448.80M | -0.0% | -$100,000 | ||
| 2023 | $448.90M | +6.8% | +$28.60M | ||
| 2022 | $420.30M | +10.7% | +$40.50M | ||
| 2021 | $379.80M | +26.8% | +$80.20M | ||
| 2020 | $299.60M | +0.3% | +$900,000 | ||
| 2019 | $298.70M | +11.4% | +$30.60M | ||
| 2018 | $268.10M | +12.8% | +$30.50M | ||
| 2017 | $237.60M | +9.9% | +$21.50M | ||
| 2016 | $216.10M | +7.6% | +$15.30M | ||
| 2015 | $200.80M | +27.6% | +$43.40M | ||
| 2014 | $157.40M | +44.2% | +$48.26M | ||
| 2013 | $109.14M | -7.4% | -$8.71M | ||
| 2012 | $117.85M | +55.0% | +$41.84M | ||
| 2011 | $76.01M | +23.0% | +$14.21M | ||
| 2010 | $61.80M | -19.6% | -$15.10M | ||
| 2009 | $76.90M | -38.5% | -$48.16M | ||
| 2008 | $125.06M | +19.0% | +$20.01M | ||
| 2007 | $105.05M | -0.0% | -$4,000 | ||
| 2006 | $105.05M | +8.4% | +$8.19M | ||
| 2005 | $96.87M | +230.7% | +$67.57M | ||
| 2004 | $29.29M | — | +$29.29M | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | — |
As of the 2025 fiscal year, Packaging Corporation of America (PKG) reported dividends paid of $449.60M – edged up 0.2% year-over-year.
Packaging Corporation of America dividends paid has recorded the values shown across consecutive periods, with a +8.5% compound annual growth rate over 2020–2025 (5 years).
The highest annual dividends paid of $449.60M was reported in 2025. The lowest in the available history was $0 in 1998.
Packaging Corporation of America (PKG) sits 6th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $2.24B.
Packaging Corporation of America Dividends Paid 2025: $449.60M
Packaging Corporation of America dividends paid in 2025 was $449.60M, edged up 0.2% from 2024. This figure represents the highest annual value in the available history.
Packaging Corporation of America Dividends Paid 2024: $448.80M
Packaging Corporation of America dividends paid in 2024 was $448.80M, edged down 0.0% below 2023.
Packaging Corporation of America Dividends Paid 2023: $448.90M
Packaging Corporation of America dividends paid in 2023 was $448.90M, grew 6.8% from 2022.
Packaging Corporation of America Dividends Paid 2022: $420.30M
Packaging Corporation of America dividends paid in 2022 was $420.30M, grew 10.7% from 2021.
Packaging Corporation of America Dividends Paid 2021: $379.80M
Packaging Corporation of America dividends paid in 2021 was $379.80M.
See more financial history for Packaging Corporation of America (PKG).
Sector peers by dividends paid
Companies in the same sector as Packaging Corporation of America, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Alibaba (BABA) | $29.31B | Consumer Cyclical |
| Home Depot (HD) | $9.15B | Consumer Cyclical |
| McDonald's (MCD) | $5.12B | Consumer Cyclical |
| Lowe's Companies (LOW) | $2.64B | Consumer Cyclical |
| TJX Companies (TJX) | $1.84B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
Does Packaging Corporation of America pay dividends?
Yes, Packaging Corporation of America (PKG) pays quarterly dividends of approximately $5.00 per share annually, yielding 2.35%.
What is Packaging Corporation of America's dividend yield?
Packaging Corporation of America (PKG) has a current dividend yield of 2.35%.
Is Packaging Corporation of America's dividend safe?
Packaging Corporation of America (PKG) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Packaging Corporation of America increased its dividend?
Packaging Corporation of America (PKG) has 0 consecutive years of dividend increases.
What is Packaging Corporation of America's dividend payout ratio?
Packaging Corporation of America (PKG) has a dividend payout ratio of 60.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Packaging Corporation of America's dividends paid?
Latest reported dividends paid for Packaging Corporation of America (PKG) is $449.20M (period ending March 31, 2026).
How has Packaging Corporation of America dividends paid changed year-over-year?
Packaging Corporation of America (PKG) dividends paid changed +0.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Packaging Corporation of America dividends paid?
Packaging Corporation of America (PKG) dividends paid compound annual growth rate is +8.5% over the most recent 5 years available.
When did Packaging Corporation of America dividends paid hit its highest annual value?
Packaging Corporation of America dividends paid reached its highest annual value of $449.60M in 2025.
What was Packaging Corporation of America dividends paid in 2024?
Packaging Corporation of America (PKG) dividends paid in 2024 was $448.80M.
What was Packaging Corporation of America dividends paid in 2025?
Packaging Corporation of America (PKG) dividends paid in 2025 was $449.60M.
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