Sealed Air Co. (NYSE:SEE) Declares Quarterly Dividend of $0.20

Sealed Air Co. (NYSE:SEE) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.20 per share by the industrial products company on Friday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, March 14th.

Sealed Air has increased its dividend by an average of 1.7% per year over the last three years. Sealed Air has a payout ratio of 23.2% 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 Trading Down 0.3 %

Sealed Air stock opened at $33.05 on Friday. Sealed Air has a 12 month low of $30.87 and a 12 month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.81 billion, a P/E ratio of 12.15 and a beta of 1.34. The company’s fifty day simple moving average is $34.32 and its 200-day simple moving average is $34.94.

Analyst Upgrades and Downgrades

SEE has been the topic of several research reports. Mizuho dropped their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group reduced their price objective on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and an average price target of $40.00.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.