SEE Declares Quarterly Cash Dividend

Rhea-AI Summary

Sealed Air (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on December 16, 2022, to stockholders of record by December 2, 2022. The company, known for its packaging solutions, generated $5.5 billion in sales in 2021 and employs about 16,500 individuals worldwide. Sealed Air aims to enhance sustainability by pledging to make all packaging recyclable or reusable by 2025 and achieving net-zero carbon emissions in its operations by 2040.

Positive

• Quarterly cash dividend of $0.20 per share declared, enhancing shareholder income.
• Pledged to make 100% of packaging recyclable or reusable by 2025, demonstrating commitment to sustainability.

Negative

• None.

CHARLOTTE, N.C.--(BUSINESS WIRE)-- SEE (NYSE: SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on December 16, 2022, to stockholders of record at the close of business on December 2, 2022.

About SEE

Sealed Air (NYSE: SEE) is in business to protect, solve critical packaging challenges, and make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.

Our globally recognized brands include CRYOVAC^® brand food packaging, SEALED AIR^® brand protective packaging, AUTOBAG^® brand automated systems, BUBBLE WRAP^® brand packaging, SEE Automation™ solutions and prismiq™ smart packaging and digital printing.

SEE’s Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.

We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.

SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories. To learn more, visit sealedair.com.

Website Information

We routinely post important information for investors on our website, sealedair.com, in the Investors section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018006248/en/

Investors

Brian Sullivan

Brian.c.sullivan@sealedair.com

704.503.8841

Media

Christina Griffin

Christina.griffin@sealedair.com

704.430.5742

Source: Sealed Air

FAQ

What is the dividend amount declared by Sealed Air?

Sealed Air declared a quarterly cash dividend of $0.20 per common share.

When is the dividend payment date for Sealed Air?

The dividend is payable on December 16, 2022.

What is the record date for Sealed Air's dividend?

The record date for the dividend is December 2, 2022.

What are Sealed Air's sustainability goals?

Sealed Air aims to make 100% of its packaging recyclable or reusable by 2025 and achieve net-zero carbon emissions by 2040.