Log in

Amcor plc (NYSE:AMCR) Plans Quarterly Dividend of $0.12

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Amcor plc (NYSE:AMCR) declared a quarterly dividend on Thursday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 24th will be given a dividend of 0.117 per share on Tuesday, December 15th. This represents a $0.47 annualized dividend and a yield of 3.92%. The ex-dividend date is Monday, November 23rd. This is a positive change from Amcor's previous quarterly dividend of $0.12.

Amcor has a dividend payout ratio of 73.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amcor to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 62.7%.

NYSE AMCR opened at $11.93 on Friday. The stock has a market capitalization of $18.71 billion, a PE ratio of 18.64, a P/E/G ratio of 2.22 and a beta of 0.79. The business has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $10.66. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.27 and a quick ratio of 0.78. Amcor has a 1-year low of $5.80 and a 1-year high of $12.40.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.12 billion. Amcor had a return on equity of 18.75% and a net margin of 6.00%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, analysts anticipate that Amcor will post 0.71 EPS for the current fiscal year.

A number of brokerages have recently commented on AMCR. Seaport Global Securities began coverage on Amcor in a report on Wednesday, October 14th. They issued a "neutral" rating for the company. Zacks Investment Research cut Amcor from a "buy" rating to a "hold" rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Amcor from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, August 21st. BMO Capital Markets lifted their target price on Amcor from $9.00 to $11.00 in a report on Wednesday, August 19th. Finally, Needham & Company LLC cut Amcor from a "buy" rating to a "hold" rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Amcor presently has a consensus rating of "Hold" and an average price target of $12.32.

About Amcor

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.

Recommended Story: Cost of Equity For A Business, Investors

Dividend History for Amcor (NYSE:AMCR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

15 Stocks that Insiders Love

An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.

Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders purchase more shares of their company, they may believe that the company will have strong future earnings and that the share price will increase in the near future.

For example, if Microsoft's CEO, CFO and COO all recently purchased additional shares of Microsoft stock, that would be an indication that there could be unreported news that may positively effect Microsoft's stock price in the near future.

This slideshow lists the 15 companies that have had the highest levels of insider buying within the last 180 days.

View the "15 Stocks that Insiders Love".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.