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Understanding Sealed Air's Ex-Dividend Date

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Sealed Air (NYSE:SEE) declared a dividend payable on December 18, 2020 to its shareholders as of October 21, 2020. It was also announced that shareholders of Sealed Air's stock as of December 4, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Sealed Air will be on December 3, 2020. The company's current dividend payout is at $0.16. That equates to a dividend yield of 1.56% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Sealed Air's Dividend Performance

Over the past year, Sealed Air has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 5, 2019 the company's payout was $0.16, which has returned to its value today. Sealed Air's dividend yield last year was 2.0%, which has since decreased by 0.44%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends