Amcor (AMCR) Offers Steady Dividends at an Affordable Price Point

Amcor plc (NYSE:AMCR) is included among the 13 Best Dividend Stocks to Buy Under $20.

The recent merger between Amcor and Berry Global has resulted in a dominant player in the plastic packaging industry, presenting a promising investment opportunity fueled by expected synergies and consistent growth. Amcor plc (NYSE:AMCR), an Australian firm with a strong international presence, is set to nearly double its revenue through this deal, strengthening its position in both flexible and rigid packaging. The merged company is expected to gain substantial cost savings and scale benefits, positioning it significantly ahead of its nearest competitor in terms of size.

The combined company is projected to increase its earnings per share by 15% each year through 2028, with a significant portion of that growth stemming from cost synergies that are expected to be well-executed. Amcor’s successful history with past acquisitions like Alcan and Bemis, along with Berry’s track record with RPC, adds credibility to its ability to realize these synergies.

Amcor plc (NYSE:AMCR) holds a solid dividend history. The company offers a quarterly dividend of $0.1275 per share and has a dividend yield of 5.42%, as of July 21. It is one of the best dividend stocks as the company has raised its payouts for 41 years in a row.

While we acknowledge the potential of AMCR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.