Amcor plc (AMCR) to Issue Quarterly Dividend of $0.13 on June 11th

Amcor plc (NYSE:AMCRGet Free Report) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.125 per share on Tuesday, June 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, May 21st.

Amcor has raised its dividend payment by an average of 2.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Amcor has a payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amcor to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 67.6%.

Amcor Stock Down 0.9 %

Amcor stock opened at $10.27 on Friday. Amcor has a twelve month low of $8.45 and a twelve month high of $10.51. The business has a fifty day moving average of $9.46 and a two-hundred day moving average of $9.41. The firm has a market cap of $14.84 billion, a P/E ratio of 22.82, a P/E/G ratio of 5.61 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76.

Amcor (NYSE:AMCRGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Amcor had a return on equity of 24.66% and a net margin of 4.75%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the business posted $0.18 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts forecast that Amcor will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of Amcor from $9.90 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st.

Read Our Latest Research Report on AMCR

Amcor Company Profile

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Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

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Dividend History for Amcor (NYSE:AMCR)

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