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

Key Points

• Sealed Air Corporation announced a quarterly dividend of $0.20 per share, payable on December 19th to stockholders of record on December 5th, representing an annualized dividend yield of 2.3%.
• The company reported earnings of $0.89 per share for the last quarter, exceeding analysts' expectations, and anticipates future earnings of $3.05 per share for the current year.
• Sealed Air's current market cap is $5.06 billion, with a P/E ratio of 17.37 and a significant debt-to-equity ratio of 4.18, indicating a leveraged financial structure.

Sealed Air Corporation (NYSE:SEE - Get Free Report) announced a quarterly dividend on Wednesday, October 15th. Stockholders of record on Friday, December 5th will be given a dividend of 0.20 per share by the industrial products company on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th.

Sealed Air has a dividend payout ratio of 24.2% indicating that 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

NYSE SEE opened at $34.38 on Thursday. The company's 50 day moving average is $33.03 and its 200-day moving average is $31.06. Sealed Air has a 12-month low of $22.78 and a 12-month high of $38.85. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. The firm has a market cap of $5.06 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.36.

Sealed Air (NYSE:SEE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.17. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Sell-side analysts predict that Sealed Air will post 3.05 earnings per share for the current year.

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.

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