Packaging Corporation of America Announces 25% Dividend Increase
LAKE FOREST, Ill. -- January 14, 2013
Packaging Corporation of America (NYSE: PKG) announced today that it intends
to increase the quarterly cash dividend on its company stock from an annual
payout of $1.00 per share to $1.25 per share. The first quarterly dividend of
$0.3125 per share will be paid on April 15, 2013 to shareholders of record as
of March 15, 2013. Future declaration of quarterly dividends, and the
establishment of future record and payment dates are subject to the final
determination of PCA’s Board of Directors.
PCA is the fourth largest producer of containerboard and corrugated packaging
products in the United States with sales of $2.6 billion in 2011. PCA operates
four paper mills and 71 corrugated product plants in 26 states across the
Some of the statements in this press release are forward-looking statements.
These forward-looking statements include statements about our future dividend
policy. Statements that contain words such as “ will”, “should”, “anticipate”,
“believe”, “expect”, “intend”, “estimate”, “hope” or similar expressions, are
forward-looking statements. These forward-looking statements are based on the
current expectations of PCA. Because forward-looking statements involve
inherent risks and uncertainties, the plans, actions and actual results of PCA
could differ materially. Among the factors that could cause plans, actions and
results to differ materially from PCA’s current expectations include the
following: the impact of general economic conditions; containerboard and
corrugated products general industry conditions, including competition,
product demand and product pricing; fluctuations in wood fiber and recycled
fiber costs; fluctuations in purchased energy costs; and legislative or
regulatory requirements, particularly concerning environmental matters, as
well as those identified under Item 1A. Risk Factors in PCA’s Annual Report on
Form 10-K for the year ended December 31, 2011 filed with the Securities and
Exchange Commission and available at the SEC’s website at “www.sec.gov”.
Packaging Corporation of America
INVESTOR RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com
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