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

Sealed Air Co. (NYSE:SEE - Get Free Report) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.20 per share by the industrial products company on Friday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, March 14th.

Sealed Air has increased its dividend payment by an average of 1.7% per year over the last three years. Sealed Air has a dividend payout ratio of 23.2% 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 Down 2.2 %

SEE traded down $0.74 during mid-day trading on Friday, reaching $32.32. 1,645,627 shares of the stock were exchanged, compared to its average volume of 1,150,380. The company has a 50 day moving average price of $34.25 and a two-hundred day moving average price of $34.92. The stock has a market capitalization of $4.71 billion, a PE ratio of 11.88 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SEE. Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday. Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, January 6th. UBS Group dropped their target price on shares of Sealed Air from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on Sealed Air from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Sealed Air Company Profile

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.