* Q2 adj EPS 35 cents vs Wall Street view of 37 cents
* Revenue up 6 pct at $1.09 bln
* Raises quarterly dividend by 1 cent to 13 cents a share
SAN FRANCISCO, July 27 Sealed Air Corp (SEE.N),
maker of Bubble Wrap-brand packaging, posted a higher quarterly
profit that fell short of analysts' expectations, but announced
an increase in its dividend for the first time in two years.
For the period ended June 30, net income rose to $67
million, or 38 cents per share, from $60.5 million, or 33 cents
per share, a year before, the company said on Tuesday.
Adjusted profit was 35 cents per share, and analysts had
expected earnings of 37 cents per share on that basis,
according to Thomson Reuters I/B/E/S.
Sealed Air's revenue grew 6 percent to $1.09 billion,
essentially in line with what analysts had predicted.
The Elmwood Park, New Jersey-based company said it
increased its quarterly dividend by a penny to 13 cents per
share. It last increased its payout in early 2008.
(Reporting by Braden Redddall in San Francisco, with
additional reporting by Ernest Scheyder in New York; editing by