Sealed Air Corporation (SEE) to Issue Quarterly Dividend of $0.20 on March 27th

Sealed Air Corporation (NYSE:SEE) declared a quarterly dividend on Monday, February 16th. Investors 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) dividend on an annualized basis and a 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. Equities 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 Stock Performance

SEE opened at $41.96 on Wednesday. The business’s fifty day moving average is $41.68 and its 200-day moving average is $37.58. The firm has a market cap of $6.18 billion, a P/E ratio of 13.62 and a beta of 1.35. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. Sealed Air has a 52-week low of $22.78 and a 52-week high of $44.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEE. Balyasny Asset Management L.P. raised its stake in Sealed Air by 2,124.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,891,855 shares of the industrial products company’s stock worth $119,810,000 after acquiring an additional 2,761,833 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Sealed Air in the fourth quarter worth about $1,154,000. Guggenheim Capital LLC boosted its stake in Sealed Air by 13.4% in the 4th quarter. Guggenheim Capital LLC now owns 18,703 shares of the industrial products company’s stock worth $775,000 after purchasing an additional 2,208 shares during the period. Nexpoint Asset Management L.P. purchased a new stake in Sealed Air during the 4th quarter valued at approximately $59,879,000. Finally, AQR Arbitrage LLC bought a new stake in shares of Sealed Air during the fourth quarter valued at approximately $43,693,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

About Sealed Air

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.