Thursday Is Your Last Chance To Buy Packaging Corp of America Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Packaging Corp of America (NYSE:PKG) announced a quarterly dividend of $1.25 per share, with Thursday being the last day for investors to be eligible for the dividend before the stock goes ex-dividend on Friday. The dividend will be paid on January 15, 2024, and the stock is expected to open $1.25 lower on Friday to reflect the payout.
December 12, 2023 | 2:45 pm
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Packaging Corp of America (PKG) will pay a $1.25 dividend per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of PKG is likely to decrease in the short term by the amount of the dividend ($1.25) as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, this is a temporary price adjustment and does not reflect a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100