Amcor PLC (AMCR) To Go Ex-Dividend on November 28th

Amcor PLC (NYSE:AMCR) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 28th will be given a dividend of 0.13 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, November 28th. This is a 2.0% increase from Amcor’s previous quarterly dividend of $0.13.

Amcor has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Amcor has a payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Amcor to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 64.6%.

Amcor Stock Performance

Shares of AMCR stock opened at $8.22 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. Amcor has a one year low of $7.66 and a one year high of $10.70. The company has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.89.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. Sell-side analysts anticipate that Amcor will post 0.74 EPS for the current year.

About Amcor

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.