Packaging Corp Of America (PKG)
Packaging Corporation of America (PCA), incorporated on January 25, 1999, is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers. As of December 31, 2016, the Company operated five containerboard mills, three paper mills and 94 corrugated products manufacturing plants.
The Company's containerboard mills produces linerboard and semi-chemical corrugating medium, which are papers primarily used in the production of corrugated products. The Company's corrugated products manufacturing plants produce a range of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays. The Company also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. During the year ended December 31, 2016, its Packaging segment produced 3.7 million tons of containerboard at its mills. As of December 31, 2016, the Company manufactured its Packaging products at five containerboard mills, one containerboard machine (at its Wallula, Washington white paper mill), corrugated manufacturing operations, and protective packaging operations.
The Company's Counce, Tennessee mill produces kraft linerboard. The Counce mill produces basis weights from 26 pounds (lb) to 90 lb. The mill also produces a range of performance and specialty grades of linerboard. The Company's DeRidder, Louisiana mill produces kraft linerboard and linerboard and semi-chemical corrugating medium. Its Valdosta, Georgia mill produces kraft linerboard. Its Tomahawk, Wisconsin mill produces semi-chemical corrugating medium. The Tomahawk mill produces basis weights from 23 lb. to 47 lb. and a range of performance and specialty grades of corrugating medium. Its Filer City, Michigan mill produces semi-chemical corrugating medium. Its Filer City mill produces corrugating medium in basis weights from 20 lb. to 47 lb. Its Wallula, Washington mill primarily produces white paper, but also produces semi-chemical corrugating medium. Wallula produces corrugating medium in basis weights from 23 lb. to 45 lb. As of December 31, 2016, the Company operated 94 corrugated manufacturing operations, a technical and development center, eight regional design centers, a rotogravure printing operation, and a complement of packaging supplies and distribution centers.
The Company manufactures uncoated freesheet in the United States. The Company manufactures and sells white papers, including both commodity and specialty papers. White papers consist of communication papers (cut-size office papers and printing and converting papers) and pressure sensitive papers, including release liners, which its customers use to produce labels for use in consumer and commercially-packaged products. The Company's Jackson, Alabama mill produces both commodity and specialty papers. Its International Falls, Minnesota mill produces both commodity and specialty papers. Its Wallula, Washington mill produces pressure sensitive papers and a range of white paper grades. The mill also produces corrugating medium.
Corporate and Other
The Corporate and Other segment includes corporate support staff services and related assets and liabilities. This segment also includes transportation assets, such as rail cars and trucks.
The Company competes with International Paper Company, WestRock Company, Georgia-Pacific LLC, KapStone Paper and Packaging Corporation, Pratt Industries and Domtar Corporation.
52 Week High4.65%09 September 2019
52 Week Low3.0%13 September 2019
Next Ex-Div-Date Countdown
|Ex-Div Date||Pay Date||Year||Type||Frequency||Status||Amount|
|13 Mar 2012||13 Apr 2012||2011||Final||Quarterly||Paid||25c|
|13 Jun 2012||13 Jul 2012||2012||Interim||Quarterly||Paid||25c|
|13 Sep 2012||15 Oct 2012||2012||Interim||Quarterly||Paid||25c|
|13 Dec 2012||28 Dec 2012||2012||Interim||Quarterly||Paid||25c|
|13 Mar 2013||15 Apr 2013||2012||Final||Quarterly||Paid||31.25c|
|12 Jun 2013||15 Jul 2013||2013||Interim||Quarterly||Paid||40c|
|11 Sep 2013||15 Oct 2013||2013||Interim||Quarterly||Paid||40c|
|19 Dec 2013||15 Jan 2014||2013||Interim||Quarterly||Paid||40c|
|12 Mar 2014||15 Apr 2014||2013||Final||Quarterly||Paid||40c|
|11 Jun 2014||15 Jul 2014||2014||Interim||Quarterly||Paid||40c|
|11 Sep 2014||15 Oct 2014||2014||Interim||Quarterly||Paid||40c|
|17 Dec 2014||15 Jan 2015||2014||Final||Quarterly||Paid||40c|
|11 Mar 2015||15 Apr 2015||2015||Interim||Quarterly||Paid||55c|
|11 Jun 2015||15 Jul 2015||2015||Interim||Quarterly||Paid||55c|
|11 Sep 2015||15 Oct 2015||2015||Interim||Quarterly||Paid||55c|
|23 Dec 2015||15 Jan 2016||2015||Final||Quarterly||Paid||55c|
|11 Mar 2016||15 Apr 2016||2016||Interim||Quarterly||Paid||55c|
|13 Jun 2016||15 Jul 2016||2016||Interim||Quarterly||Paid||55c|
|13 Sep 2016||14 Oct 2016||2016||Interim||Quarterly||Paid||63c|
|21 Dec 2016||13 Jan 2017||2016||Final||Quarterly||Paid||63c|
|13 Mar 2017||14 Apr 2017||2017||Interim||Quarterly||Paid||63c|
|13 Jun 2017||14 Jul 2017||2017||Interim||Quarterly||Paid||63c|
|14 Sep 2017||13 Oct 2017||2017||Interim||Quarterly||Paid||63c|
|22 Dec 2017||12 Jan 2018||2017||Final||Quarterly||Paid||63c|
|14 Mar 2018||13 Apr 2018||2018||Interim||Quarterly||Paid||63c|
|14 Jun 2018||13 Jul 2018||2018||Interim||Quarterly||Paid||79c|
|13 Sep 2018||15 Oct 2018||2018||Interim||Quarterly||Paid||79c|
|14 Dec 2018||15 Jan 2019||2018||Final||Quarterly||Paid||79c|
|14 Mar 2019||15 Apr 2019||2019||Interim||Quarterly||Paid||79c|
|13 Jun 2019||15 Jul 2019||2019||Interim||Quarterly||Paid||79c|
|12 Sep 2019||15 Oct 2019||2019||Interim||Quarterly||Paid||79c|
Packaging Corp Of America optimized dividend - 12 month history
Packaging Corp Of America share price - 12 month history
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