LAKE FOREST, Ill. (News release) -- Packaging Corporation of America announced that it intends to increase the quarterly cash dividend on its common stock to an annual payout of $6.00 per share from $5.00 per share, a 20% increase. The first quarterly dividend of $1.50 per share will be paid to shareholders of record as of June 15, 2026 with a payment date of July 15, 2026. Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination by PCA's Board of Directors.

Commenting on the announcement, Mark W. Kowlzan, Chairman & CEO of PCA, said, "Today's announcement of an increase in our dividend demonstrates PCA's disciplined and balanced approach to capital allocation, returning significant value to shareholders while investing in the business to generate profitable growth."

PCA is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. PCA operates ten paper mills and 91 corrugated products plants and related facilities.