Sealed Air Corporation (NYSE:SEE) Announces Quarterly Dividend of $0.20

Sealed Air Corporation (NYSE:SEE) declared a quarterly dividend on Monday, February 16th. Stockholders of record on Friday, March 13th will be given a dividend of 0.20 per share by the industrial products company on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th.

Sealed Air has increased its dividend payment by an average of 0.0%per year over the last three years. Sealed Air has a dividend payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sealed Air to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 26.2%.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $41.95 on Tuesday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 13.62 and a beta of 1.35. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. Sealed Air has a 12 month low of $22.78 and a 12 month high of $44.27. The stock’s 50 day moving average price is $41.67 and its 200 day moving average price is $37.48.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen cut shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up previously from $43.80) on shares of Sealed Air in a research report on Monday, November 17th. Truist Financial lifted their price objective on shares of Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Raymond James Financial downgraded shares of Sealed Air from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.42.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.