$PKG (Packaging Corporation of America)

$PKG {{ '2016-07-06T14:40:23+0000' | timeago}} • Announcement

$PKG said that the acquisition will be accretive to earnings immediately. Closing is subject to certain customary conditions and regulatory approval and is expected in 3Q16. The company expects to finance the transaction with a new term loan.

$PKG {{ '2017-09-13T11:55:56+0000' | timeago}} • Announcement

$PKG BoD approved a regular quarterly dividend of $0.63 per share on its common stock. The dividend is payable to shareholders of record as of Sept. 15, 2017 with a payment date of Oct. 13, 2017.

$PKG {{ '2017-08-25T21:49:52+0000' | timeago}} • Announcement

$PKG declared a regular quarterly dividend of $0.63 per share on its common stock, payable October 13, 2017, to shareholders of record as of September 15, 2017.

$PKG {{ '2017-08-21T19:03:20+0000' | timeago}} • Announcement

$PKG sealed a definitive agreement to acquire substantially all assets of Sacramento Container Corporation and 100% of the membership interests of Northern Sheets and Central California Sheets in a cash-free, debt-free transaction for $265MM. Available cash on hand will fund the deal, which will be accretive to earnings and closed in early 4Q17.

$PKG {{ '2017-05-17T21:25:59+0000' | timeago}} • Announcement

$PKG's BoD approved a regular quarterly dividend of $0.63 per share on its common stock. The dividend will be paid on July 14, 2017 to shareholders of record as of June 15, 2017.

$PKG {{ '2017-03-02T13:16:13+0000' | timeago}} • Announcement

$PKG BoD approved a regular quarterly dividend of $0.63 per share. The dividend will be paid to shareholders of record as of March 15, 2017 on April 14, 2017.

$PKG {{ '2017-01-30T23:01:17+0000' | timeago}} • Announcement

For 4Q16, $PKG's Packaging segment sales decreased 2% YoverY to $177.5MM, while Paper segment sales doubled to $33.1MM. The company expects 1Q17 diluted EPS to be $1.26.

$PKG {{ '2017-01-30T22:56:15+0000' | timeago}} • Announcement

$PKG reported 4Q16 net income of $111MM, or $1.17 per share, up 6% compared to same quarter last year. Excluding special items, the company's earnings rose 14% YoverY to $1.23 per share. Net sales for the quarter grew 6% to $1.5Bil.

$PKG {{ '2016-12-13T23:18:33+0000' | timeago}} • Announcement

$PKG's Board approved a regular quarterly dividend of $0.63 per share on its common stock, payable on Jan. 13, 2017 to shareholders of record as of Dec. 23, 2016.

$PKG {{ '2016-12-01T12:24:17+0000' | timeago}} • Announcement

$PKG completed acquisition of Colombus Container Inc., an independent corrugated products producer, in a cash-free, debt-free transaction. Funding for the $100MM acquisition came from available cash on hand. $PKG expects to quickly integrate this organization into its company.

$PKG {{ '2016-10-12T10:50:48+0000' | timeago}} • Announcement

$PKG agreed to buy substantially all assets of Columbus Container. The transaction is structured as purchase of assets resulting in full step-up of assets to fair market value. The acquisition will be accretive to earnings immediately. The closing is expected in 4Q16. $PKG expects to finance the transaction with available cash on hand.

$PKG {{ '2016-10-12T10:48:48+0000' | timeago}} • Announcement

$PKG agreed to buy substantially all assets of Columbus Container, an independent corrugated products producer, in a cash-free, debt-free transaction for cash price of $100MM. $PKG will buy full-line corrugated products facility located in Columbus, Indiana, 5 warehousing facilities and other related operations located in Indiana and Illinois.

$PKG {{ '2016-09-01T12:05:19+0000' | timeago}} • Announcement

Containerboard and corrugated packaging products maker $PKG said it intends to raise its quarterly dividend by 15% to an annual payout of $2.52 per share from $2.20 per share. The new quarterly dividend of $0.63 per share will be paid on Oct. 14, 2016 to holders of record on Sept. 15, 2016.

$PKG {{ '2016-08-29T22:07:12+0000' | timeago}} • Announcement

$PKG said it completed its acquisition of TimBar Corp, a large independent corrugated products producer, in a cash-free, debt-free transaction. Funding for the acquisition came from a new $385MM five-year term loan facility.

$PKG {{ '2016-07-06T14:40:23+0000' | timeago}} • Announcement

$PKG said that the acquisition will be accretive to earnings immediately. Closing is subject to certain customary conditions and regulatory approval and is expected in 3Q16. The company expects to finance the transaction with a new term loan.

$PKG {{ '2016-07-06T14:39:37+0000' | timeago}} • Announcement

$PKG said the transaction is structured as a purchase of assets resulting in a full step-up of the assets to fair market value. The company's containerboard integration level is expected to increase by over 200,000 tons or 6% from its current level of 87% and will allow for further optimization & enhancement of mill capacity.

$PKG {{ '2016-07-06T14:36:55+0000' | timeago}} • Announcement

$PKG said it agreed to acquire substantially all of the assets of TimBar Corporation in a cash-free, debt-free transaction for a cash purchase price of $386MM. Under the terms of the agreement, the company will acquire 5 corrugated products plants, 2 fulfillment centers and 4 design centers located mainly in the eastern and southeastern US.

$PKG {{ '2016-05-18T21:28:33+0000' | timeago}} • Announcement

Maker of containerboard and corrugated packaging $PKG said its Board has approved a regular quarterly dividend of $0.55 per share on its common stock. The dividend will be paid to shareholders of record as of June 15, 2016 with a payment date of July 15, 2016.

$PKG {{ '2016-02-26T20:03:45+0000' | timeago}} • Announcement

Containerboard packaging company $PKG said that its Board of Directors approved a regular quarterly dividend of $0.55 per share on its common stock. This dividend will be paid to shareholders of record as of March 15, 2016 with a payment date of April 15, 2016.

$PKG {{ '2015-12-17T11:39:46+0000' | timeago}} • Announcement

Maker of containerboard & corrugated packaging $PKG said that it has elected Mark W. Kowlzan as Chairman & CEO of the company effective Dec. 31, 2015. Paul T. Stecko will step down from the post of Non-Executive Chairman. Mr. Stecko will continue to serve on the Board of Directors and agreed to serve as a Senior Advisor for strategic matters.

$PKG {{ '2015-12-16T13:38:19+0000' | timeago}} • Announcement

Lake Forest, Illinois-based paper container maker $PKG said its BoD has declared a regular quarterly dividend of $0.55 per share on its common stock. The quarterly dividend is payable on Dec. 28, 2015 to shareholders, of record on Jan. 15, 2016.

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