November 09, 2012 at 17:51 PM EST
Packaging Corporation Of America Led Industry In Q3
Containerboard and corrugated products provider Packaging Corporation of America (PKG) has increased its dividend payout by 67% since 2010. The quarterly payout was 15 cents a share for eight straight quarters through 2010. In March of last year, the dividend was raised to 20 cents and in the first quarter of this year, it became 25 cents a share. The annualized yield is currently 2.8%. The confidence it takes to raise the dividend appears to be
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