Why it’s on the map
NA/EMEA corrugated; Canadian containerboard coming south now faces 50% (positive), but US pulp/packaging exports face Canada's 50% (negative).
Government money & contracts
None.
Customers & commercial
Packaging.
Catalysts
JPM Overweight $61.
Risk
Net modestly positive; small vs the $140/ton price cycle.
Tariff durability
Mixed.
Dividend · #3 of 47 payers by yield
5.09% yield
$1.85 a share a year · quarterly · pays Mar · Jun · Sept · Dec
Per payment$0.4625a share, 4× a year
Next payoutDec 15declared · $0.4625 a share
Last ex-dateAug 14, 2026next ex-date Nov 16, 2026
Last paidSept 15, 2026$0.4625 a share
Payout ratio402%of earnings · paying out more than it earns
Raised—streak not on record
Payout ratio above 100%: the dividend is bigger than trailing earnings, which is how cuts start.
Shares at the Oct 30 close of $36.3727.50
Each payment$12.72
Per year · 4 payments$50.87
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Aug 14, 2026 | Sept 15, 2026 | $0.4625 | |
| May 22, 2026 | Jun 12, 2026 | $0.4625 | |
| Feb 23, 2026 | Mar 17, 2026 | $0.4625 | |
| Nov 14, 2025 | Dec 16, 2025 | $0.4625 |
Yield = $0.4625 × 4 ÷ the Oct 30 close of $36.37. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source