Amcor PLC (AMCR) To Go Ex-Dividend on November 25th

Amcor PLC (NYSE:AMCR) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.66 per share on Wednesday, December 16th. This represents a $2.64 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, November 25th. This is a 1.5% increase from Amcor’s previous quarterly dividend of $0.65.

Amcor has a 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 $4.28 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 60.7%.

Amcor Price Performance

NYSE:AMCR opened at $45.97 on Friday. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 3.03 and a beta of 0.56. The business has a 50 day simple moving average of $44.03 and a 200-day simple moving average of $43.15. Amcor has a 1 year low of $36.25 and a 1 year high of $50.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.76.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). Amcor had a return on equity of 15.86% and a net margin of 4.55%. The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Equities analysts forecast that Amcor will post 1.83 EPS for the current year.

Amcor Company Profile

Amcor plc (NYSE: AMCR) is a global packaging company that develops and produces packaging solutions for food, beverage, pharmaceutical, medical, personal care, household, and other consumer and industrial products. Its offerings include flexible packaging, rigid containers, closures, bottles, specialty cartons, and related packaging systems designed to protect products, support supply chains, and improve convenience and sustainability.

The company serves customers across North America, Latin America, Europe, Asia-Pacific, and other international markets.