Packaging Corporation Of America Stock To Go Ex-dividend Tomorrow (PKG)

NEW YORK ( TheStreet) -- The ex-dividend date for Packaging Corporation of America (NYSE: PKG) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $30.05 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Packaging Corporation of America has been 719,900 shares per day over the past 30 days. Packaging Corporation of America has a market cap of $2.81 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 19.7% year to date as of the close of trading on Friday.

Packaging Corporation of America produces and sells containerboard and corrugated products in the United States. The company has a P/E ratio of 19.3, above the average consumer non-durables industry P/E ratio of 16.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Packaging Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Packaging Corporation of America Ratings Report.

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