NEW YORK ( TheStreet) -- The ex-dividend date for Packaging Corporation of America (NYSE: PKG) is Monday, June 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $28.91 as of 9:32 a.m. ET, the dividend yield is 2.8%.

The average volume for Packaging Corporation of America has been 981,600 shares per day over the past 30 days. Packaging Corporation of America has a market cap of $2.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.3% year to date as of the close of trading on Thursday.

Packaging Corporation of America produces containerboard and corrugated products in the United States. The company has a P/E ratio of 13, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Packaging Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Packaging Corporation of America Ratings Report.

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