SEE Declares Quarterly Cash Dividend

Rhea-AI Summary

SEE (NYSE: SEE) has declared a quarterly cash dividend of $0.20 per common share, payable on June 24, 2022, to stockholders of record by June 10, 2022. In 2021, the company generated $5.5 billion in sales and employs approximately 16,500 people across 114 countries. Furthermore, SEE has committed to making all its packaging materials recyclable or reusable by 2025 and achieving net-zero carbon emissions by 2040.

Positive

• Declaring a quarterly cash dividend of $0.20 enhances shareholder returns.
• Strong sales of $5.5 billion in 2021 demonstrates robust financial performance.
• Commitment to sustainability initiatives by pledging recyclable packaging by 2025.

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 June 24, 2022 to stockholders of record at the close of business on June 10, 2022.

About SEE
Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions systems help 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™ Touchless Automation™ solutions and prismiq™ brand 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 also 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/20220526005520/en/

Investors

Louise Lagache

Louise.lagache@sealedair.com

704.503.8841



Media

Christina Griffin

Christina.griffin@sealedair.com

704.430.5742

Source: Sealed Air Corporation

FAQ

What is the dividend amount declared by SEE?

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

When is the payment date for SEE's dividend?

The dividend is payable on June 24, 2022.

What is the record date for SEE's dividend?

The record date for SEE's dividend is June 10, 2022.

What were SEE's sales in 2021?

SEE generated $5.5 billion in sales in 2021.

What sustainability goals has SEE committed to?

SEE has committed to making all packaging recyclable or reusable by 2025 and achieving net-zero carbon emissions by 2040.