Looking at the universe of stocks we cover at Dividend Channel, on 12/19/13, Packaging Corp of America (PKG) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 1/15/14. As a percentage of PKG's recent stock price of $61.86, this dividend works out to approximately 0.65%, so look for shares of Packaging Corp of America to trade 0.65% lower — all else being equal — when PKG shares open for trading on 12/19/13.
Below is a dividend history chart for PKG, showing historical dividends prior to the most recent $0.40 declared by Packaging Corp of America:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PKG is likely to continue, and whether the current estimated yield of 2.59% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PKG shares, versus its 200 day moving average:Looking at the chart above, PKG's low point in its 52 week range is $36.20 per share, with $64.39 as the 52 week high point — that compares with a last trade of $61.59.
According to the ETF Finder at ETF Channel, PKG makes up 4.16% of the iShares Global Timber & Forestry ETF (WOOD) which is trading lower by about 0.8% on the day Tuesday. In Tuesday trading, Packaging Corp of America shares are currently down about 0.5% on the day.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts