CHARLOTTE, N.C. - SEE (NYSE: SEE), formerly known as Sealed Air (NYSE:SEE), announced that its Board of Directors has approved a quarterly cash dividend of $0.20 per common share. This dividend is scheduled for payment on March 22, 2024, to shareholders who are on record as of March 8, 2024.
The declaration of this dividend follows SEE's continued efforts to provide shareholder value while advancing its position in the packaging industry. SEE, recognized for its various solution brands such as CRYOVAC® food packaging and BUBBLE WRAP® packaging, has been focusing on sustainable, automated, and digital packaging solutions. The company has made a commitment to ensuring all its packaging materials are recyclable or reusable by 2025 and aims to achieve net-zero carbon emissions in its global operations by 2040.
In 2022, SEE reported sales of $5.6B and employs approximately 17,300 people worldwide. The company operates in 120 countries and territories, providing a wide range of packaging solutions that cater to different sectors, including food, e-commerce, and protective packaging for goods in transit.
SEE's rebranding from Sealed Air to its current trade name in May 2023 marked a strategic shift towards a more integrated approach to packaging, emphasizing automation and digital innovation. The company continues to share important information with investors through its website and regulatory filings, ensuring transparency and compliance with disclosure obligations.
This announcement is based on a press release statement from SEE, detailing the company's latest dividend declaration. Investors and stakeholders can anticipate the dividend payment next month, which reflects SEE's commitment to delivering shareholder returns amidst its broader strategic initiatives.
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