Packaging Corporation of America (PKG) in Lake Forest, Ill., recently reported solid fourth-quarter earnings. Its sales and adjusted EPS beat the Street estimates by 6.6% and 32.7%, respectively. In addition, its board of directors recently approved a $1 billion share repurchase authorization.
PKG’s current dividend yields 2.70%. The company has paid dividends for 17 consecutive years, and payouts have grown at an 11.1% CAGR over the past five years.
