Packaging Corporation Of America Stock To Go Ex-dividend Tomorrow (PKG)
The ex-dividend date for Packaging Corporation of America (NYSE:PKG) is tomorrow, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $48.55 as of 9:30 a.m., the dividend yield is 3.3%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Packaging Corporation of America (NYSE: PKG) is tomorrow, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $48.55 as of 9:30 a.m. ET, the dividend yield is 3.3%. The average volume for Packaging Corporation of America has been 925,400 shares per day over the past 30 days. Packaging Corporation of America has a market cap of $4.81 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 27.9% year to date as of the close of trading on Monday. Packaging Corporation of America engages in the manufacture and sale of containerboard and corrugated packaging products for industrial and consumer markets in the United States. The company has a P/E ratio of 23.2, above 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. 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. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..