Sealed Air (SEE) Declares $0.20 Dividend
Sealed Air said on May 18, 2023 that its board of directors declared a regular quarterly dividend of $0.20 per share ($0.80 annualized). Previously, the company paid $0.20 per share.
Shares must be purchased before the ex-div date of June 8, 2023 to qualify for the dividend. Shareholders of record as of June 9, 2023 will receive the payment on June 23, 2023.
At the current share price of $42.18 / share, the stock's dividend yield is 1.90%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.56%, the lowest has been 1.13%, and the highest has been 3.06%. The standard deviation of yields is 0.28 (n=236).
The current dividend yield is 1.20 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.29. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.25%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1103 funds or institutions reporting positions in Sealed Air. This is a decrease of 33 owner(s) or 2.90% in the last quarter. Average portfolio weight of all funds dedicated to SEE is 0.16%, an increase of 0.59%. Total shares owned by institutions decreased in the last three months by 1.46% to 150,122K shares. 
The put/call ratio of SEE is 0.31, indicating a bullish outlook.
Analyst Price Forecast Suggests 32.20% Upside
As of May 11, 2023, the average one-year price target for Sealed Air is 55.76. The forecasts range from a low of 48.48 to a high of $67.20. The average price target represents an increase of 32.20% from its latest reported closing price of 42.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sealed Air is 5,835MM, an increase of 4.70%. The projected annual non-GAAP EPS is 4.18.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 10,734K shares representing 7.43% ownership of the company. In it's prior filing, the firm reported owning 10,770K shares, representing a decrease of 0.34%. The firm decreased its portfolio allocation in SEE by 14.29% over the last quarter.
Janus Henderson Group holds 5,786K shares representing 4.01% ownership of the company. In it's prior filing, the firm reported owning 7,106K shares, representing a decrease of 22.82%. The firm decreased its portfolio allocation in SEE by 77.09% over the last quarter.
RPMGX - T. Rowe Price Mid-Cap Growth Fund holds 5,314K shares representing 3.68% ownership of the company. In it's prior filing, the firm reported owning 5,320K shares, representing a decrease of 0.12%. The firm increased its portfolio allocation in SEE by 6.01% over the last quarter.
Nuveen Asset Management holds 4,891K shares representing 3.39% ownership of the company. In it's prior filing, the firm reported owning 4,679K shares, representing an increase of 4.33%. The firm decreased its portfolio allocation in SEE by 7.73% over the last quarter.
BLACKROCK EQUITY DIVIDEND FUND - BLACKROCK EQUITY DIVIDEND FUND Investor A holds 4,794K shares representing 3.32% ownership of the company. In it's prior filing, the firm reported owning 4,049K shares, representing an increase of 15.54%. The firm increased its portfolio allocation in SEE by 32.05% over the last quarter.
Sealed Air Background Information
(This description is provided by the company.)
Sealed Air is in business to protect, to solve critical packaging challenges, and to leave our world better than we found it. Its solutions and systems include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems and BUBBLE WRAP® brand packaging. These brands collectively enable a more efficient, secure and less wasteful global food supply chain and enhance commerce through fulfillment and packaging solutions to protect the worldwide movement of goods. Sealed Air's industry-leading expertise in science, engineering, and innovation transforms businesses, industries, and consumers' lives. The company continues to expand its portfolio of next-generation sustainable solutions including packaging materials, automated systems, and smart services to deliver savings and create measurable long-term value. Sealed Air generated $4.9 billion in sales in 2020 and has approximately 16,500 employees who serve customers in 115 countries
Key filings for this company:
This story originally appeared on Fintel.