Amcor PLC (AMCR) To Go Ex-Dividend on September 4th

Amcor PLC (NYSE:AMCR) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Friday, September 4th will be given a dividend of 0.65 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, September 4th.

Amcor has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive 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. Analysts expect Amcor to earn $4.57 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 56.9%.

Amcor Stock Performance

NYSE AMCR opened at $46.30 on Friday. The stock has a fifty day simple moving average of $43.41 and a 200-day simple moving average of $42.60. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The stock has a market cap of $21.41 billion, a PE ratio of 19.62, a P/E/G ratio of 1.46 and a beta of 0.62. Amcor has a twelve month low of $36.25 and a twelve month high of $50.94.

Amcor (NYSE:AMCR) last announced its earnings results on Thursday, August 13th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. Amcor had a net margin of 4.71% and a return on equity of 15.96%. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the firm posted $0.20 earnings per share. Amcor’s revenue was up 25.9% compared to the same quarter last year. Equities analysts anticipate that Amcor will post 4.24 earnings per share for the current year.

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.