Packaging Corp offers steady growth and a 20% dividend hike, ideal for income-focused investors using buy-write options.

Packaging Corp of America (PKG), a century-old packaging company, benefits from the rise of e-commerce by producing essential shipping materials like corrugated boxes. The stock has risen 9% in 2026 and recently saw a 20% dividend increase to $6.00 per share, with expected earnings growth of 18% next year. Investors can enhance income by using a buy-write options strategy, selling call options while holding the stock to generate additional premium income alongside dividends. This approach offers a way to boost returns in a stable but slow-growing market environment.