Packaging Corp of America's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Packaging Corp of America (NYSE:PKG) has announced a quarterly dividend of $1.25 per share. The ex-dividend date is Friday, meaning the stock will likely open $1.25 lower to reflect the payout. Shareholders owning PKG by the end of Thursday's session are eligible for the dividend, which will be paid out on October 13, 2023.
September 19, 2023 | 2:45 pm
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Packaging Corp of America's stock is likely to open lower on the ex-dividend date due to the announced dividend of $1.25 per share. The dividend will be paid out on October 13, 2023.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend. In this case, PKG's stock is expected to open $1.25 lower on the ex-dividend date. This is a direct impact on the stock price in the short term.
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