PKG · 10-Q · 2026Q2 · Full report
Capital Return Program
PACKAGING CORP OF AMERICA · 2026-08-07 · Importance 52 · Surprise 42 · From source text
PCA paid $223 million of common-stock dividends during the first six months of 2026, compared with $225 million in the prior-year period. The company repurchased and retired 0.3 million common shares for $59 million during the first six months of 2026, versus no repurchases in the comparable 2025 period. PCA also withheld $30 million of shares to cover employee restricted-stock taxes, up from $23 million in the prior-year period. Dividends and share repurchases were among the company’s primary uses of cash alongside operations, capital expenditures, acquisitions, and debt service.
Key facts
- PCA paid $223 million of dividends during the first six months of 2026, compared to $225 million of dividends paid during the comparable period in 2025. source
- PCA repurchased and retired 0.3 million shares of the Company’s common stock for $59 million during the first six months of 2026; there were no repurchases in the same period in 2025. source
- Net cash used for financing activities was $314.0 million during the six months ended June 30, 2026, compared to $248.8 million during the same period in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.0% | PCA paid $223 million of dividends during the first six months of 2026, compared to $225 million of dividends paid during the comparable… |
| cash | negative | realized | -0.6% | Net cash used for financing activities was $314.0 million during the six months ended June 30, 2026, compared to $248.8 million during the… |
| cash | negative | realized | -0.5% | PCA repurchased and retired 0.3 million shares of the Company’s common stock for $59 million during the first six months of 2026; there… |