PKG Packaging Corp of America
- Price as of: Apr 24, 01:00 AM EDT
- Packaging & containers
PKG Stock Dividend DataAdd PKG to Watchlist
PKG Daily Snapshot
- Quote Time:
- Apr 24, 01:00 AM
- Today's Volume:
- Open Price:
- Day's Range:
- $69.79 - $70.33
- Previous Close:
- 52 Week Low / High:
- $57.06 - $84.88
- Percent Off 52 Week High:
PKG Dividend Growth History
Last 5 Yrs
Last 3 Yrs
|Reveal More Dividend Growth History for PKG||28.7%||43.8%||4 years|
PKG Dividend History
|Payout Amount||Declared Date||Ex-Dividend Date||Record Date||Pay Date ▼||Qualified Dividend?||Payout Type||Frequency|
Packaging Corp of America News
April 22, 2015
Before Wednesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the most important analyst commentary for investors.
Jefferies Upgrades Packaging Corp of America (PKG)Sep 16, 2013Jefferies announced on Monday that it has upgraded Packaging Corp of America (PKG) from "Hold" to "Buy." The firm also raised PKG's price target from $49.00 to $70.00. Jefferies analyst Philip Ng also gave the company bull-case scenario target of $88. The upgrade comes after the firm announced earlier today that it has agreed to purchase all outstanding shares of Boise Inc. (BZ) for $1.995 billion. Analyst Ng believes the new acquisition will result in an attractive multiple. Packaging Corp of America shares rallied 9.73% during Monday's session. Year-to-date, the stock is up 39.87%.Expand to read the full story
Packaging Corp Of America to Acquire Boise for $1.995B (PKG,BZ)Sep 16, 2013Containerboard producer Packaging Corp Of America (PKG) announced on Monday that it has agreed to purchase all outstanding shares of Boise Inc. (BZ) for $1.995 billion. PKG will acquire the outstanding shares of the packaging and paper product company for $12.55 per share, totalling $1.995 billion. This amount includes $714 million of outstanding indebtedness of BZ. Together the two companies have brought in $5.5 billion in sales and $879 million in EBITDA over the last year. PKG's containerboard capacity is expected to grow from $2.6 million tons to $3.7 million tons with the purchase of BZ. PKG's Executive Chairman Paul Stecko commented: “The acquisition is an excellent fit, both geographically and strategically, with unique and substantial synergies. It provides the containerboard that PCA needs to support our strong corrugated products growth. The DeRidder containerboard mill is low cost, located in a very good wood basket and, after the D2 machine conversion, provides almost one million tons of primarily lightweight containerboard. The combined company is expected to generate strong financial results and strong cash flow which will be used to pay down debt as well as to continue to return value to our shareholders.” Packaging Corp Of America shares were up $5.96, or 10.93%, during pre-market trading Monday. The stock is up 42% YTD. Boise shares were up $2.66, or 26.71% during premarket trading Monday. The stock is up 25% YTD.Expand to read the full story
The Bottom LineShares of Packaging Corp Of America (PKG) have a 2.93% yield based on Friday's closing price of $54.55. Packaging Corp Of America (PKG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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