Amcor PLC to Issue Quarterly Dividend of $0.65 (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, September 4th will be given a dividend of 0.65 per share on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, September 4th.

Amcor has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Amcor has a dividend payout ratio of 317.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Amcor to earn $4.24 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 61.3%.

Amcor Price Performance

AMCR stock opened at $46.49 on Thursday. Amcor has a one year low of $36.25 and a one year high of $50.94. The company’s fifty day moving average price is $43.24 and its 200-day moving average price is $42.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. The company has a market capitalization of $21.49 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.49 and a beta of 0.62.

Amcor (NYSE:AMCR) last issued its earnings results on Wednesday, August 12th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.05 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. Amcor’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. On average, equities analysts anticipate that Amcor will post 3.97 EPS for the current fiscal year.

Key Amcor News

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Amcor reported fourth-quarter adjusted EPS of $1.23, above the $1.19 consensus, while revenue rose 25.9% year over year to $6.4 billion, exceeding estimates of $6.05 billion. The Berry Global acquisition, cost synergies, productivity improvements and raw-material cost pass-through supported results. Amcor earnings report
• Positive Sentiment: Management highlighted substantial synergy potential. Amcor is targeting $650 million in synergies over three years following the Berry acquisition and reported fourth-quarter adjusted EBITDA of $1.045 billion, up 32% year over year. Full-year adjusted EBITDA increased 68% to $3.673 billion. Amcor synergy and outlook article
• Positive Sentiment: The dividend supports the stock’s income appeal. Amcor declared a quarterly dividend of $0.65 per share, or approximately $2.60 annualized, representing a yield near 5.6%. The dividend is payable September 24 to shareholders of record on September 4. Amcor dividend announcement
• Positive Sentiment: UBS began coverage with a Buy rating and a $56 price target, suggesting analysts see additional upside based on Amcor’s earnings growth and merger-related benefits. UBS Amcor coverage
• Neutral Sentiment: Investors are assessing the transition-period forecast. Amcor expects adjusted EPS of $1.80 to $1.90 for the six-month period ending December 31, 2026, making near-term comparisons more difficult after the Berry transaction.
• Negative Sentiment: Acquisition-related leverage remains a concern. Net debt stood at approximately $12.9 billion at June 30, which could temper enthusiasm about the otherwise strong results and increase focus on debt reduction and integration execution.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.