Sealed Air Corporation announced on Thursday that the company has declared a quarterly cash dividend of 16 cents per common share. The dividend is payable on Dec. 20.

The dividend marks 15 quarters in a row that the company has declared a dividend of 16 cents. The last time Sealed Air declared a different amount was in Feb. 2016, when it declared a dividend of 13 cents a share.

Sealed Air manufactures packaging products including Cryovac and Bubble Wrap. Shares of Sealed Air were trading at $40.27 on Friday, up 16 cents.