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Following price increase, Sealed Air declares dividend

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Elmwood Park-based food safety and packaging company Sealed Air announced Thursday its board has approved a cash dividend of 13 cents per common share. The dividend is payable on December 20, 2013 to stockholders of record at the close of business on December 6, 2013.

The company announced on Tuesday a North American price increase between 4 and 9 percent for most of its food and product care items, according to an earlier release. The company blamed the increase on rises in prices charged by petrochemical suppliers in the North American market, which provide the company with the raw materials it uses to make many of its products.

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