A classic strategy that could yield big dividends
The article discusses the importance of Packaging Corp of America (PKG) in the current digital commerce landscape. Despite being an old-school industrial business, PKG plays a crucial role in the supply chain by providing essential packaging materials. The company has recently increased its dividend and is expected to see significant earnings growth in the coming year.
- ▪Packaging Corp of America specializes in corrugated boxes and shipping materials.
- ▪The company recently boosted its annual dividend by 20% to $6.00 per share.
- ▪Analysts predict an 18% year-over-year growth in adjusted earnings per share for PKG.
Opening excerpt (first ~120 words) tap to expand
Wednesday is garbage day where I live, and because of how recycling works here, we have four separate bins. One for solid waste, one for "containers" - bottles and cans, one for compost (grass clippings basically), and one for paper. These last two are the largest, but even so, somehow the one for paper is never big enough. We get everything delivered now, and everything delivered comes in a box. Sure enough today, no matter how much I folded and stuffed, a lot of the cardboard ended up next to the paper bin when there was no more room in it... which got me thinking.Packaging Corp of America (PKG) is an old-school, brick-and-mortar industrial business. They make corrugated boxes, containerboard, and shipping materials.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Investing.
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