A producer of containerboard and corrugated products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product.
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Packaging Corp. of America (PKG) recently raised its dividend which upped its payment by 20% to $1.20 a share. The company just reported record third-quarter earnings of $49 million, or 46 cents a share, vs. last year's earnings of 42 cents a share. Overall net sales increased 2.8%, but its exported sales were up 16% for the quarter. This Fool's take? Earning AND a dividend--what more could an investor want?