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

Amcor PLC (NYSE:AMCR) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Wednesday, February 25th will be paid a dividend of 0.65 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, February 25th.

Amcor has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 5 years. Amcor has a dividend payout ratio of 317.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Amcor to earn $0.79 per share next year, which means the company may not be able to cover its $2.60 annual dividend with an expected future payout ratio of 329.1%.

Amcor Stock Up 7.8%

Shares of AMCR stock traded up $3.52 during trading hours on Wednesday, reaching $48.44. The company had a trading volume of 5,432,470 shares, compared to its average volume of 6,064,270. Amcor has a twelve month low of $38.33 and a twelve month high of $52.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.62 and a current ratio of 1.04. The company has a market capitalization of $22.33 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.02 and a beta of 0.67. The stock’s fifty day simple moving average is $42.43 and its 200 day simple moving average is $42.59.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.53 billion. Amcor had a net margin of 3.34% and a return on equity of 17.35%. The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts expect that Amcor will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in Amcor by 124.5% in the 2nd quarter. Prudential Financial Inc. now owns 395,591 shares of the company’s stock valued at $3,635,000 after buying an additional 219,390 shares in the last quarter. Norges Bank acquired a new stake in shares of Amcor in the second quarter valued at $328,839,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Amcor by 63.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,012,038 shares of the company’s stock valued at $46,061,000 after buying an additional 1,946,147 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Amcor during the 2nd quarter worth about $463,000. Finally, Shayne & Jacobs LLC bought a new stake in Amcor during the 2nd quarter worth about $1,180,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

About Amcor

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.