Why it’s on the map
Nearly all-domestic containerboard — tariff-immune compounder. Wins as Canadian board is priced out; loses almost nothing to retaliation. Third $140/ton hike; dividend +20%.
Government money & contracts
None.
Customers & commercial
US box demand.
Catalysts
JPM PT $312.
Risk
Box demand cycle.
Tariff durability
Domestic.
Dividend · #17 of 47 payers by yield
2.34% yield
$6.00 a share a year · quarterly · pays Jan · Apr · Jul · Oct
Per payment$1.50a share, 4× a year
Next payoutexpected Jan 2027not yet declared
Last ex-dateSept 15, 2026own it before the ex-date to collect
Last paidOct 15, 2026$1.50 a share
Payout ratio68%of earnings · comfortable
Raised—streak not on record
Shares at the Oct 30 close of $256.823.89
Each payment$5.84
Per year · 4 payments$23.36
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 15, 2026 | Oct 15, 2026 | $1.50 | |
| Jun 15, 2026 | Jul 15, 2026 | $1.50 | |
| Mar 13, 2026 | Apr 15, 2026 | $1.25 | before the raise |
| Dec 15, 2025 | Jan 14, 2026 | $1.25 | before the raise |
| Sept 15, 2025 | Oct 15, 2025 | $1.25 | before the raise |
Yield = $1.50 × 4 ÷ the Oct 30 close of $256.82. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source