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Amcor to report Full Year 2024 Results
Prnewswire· 2024-08-01 23:00
ZURICH, Aug. 1, 2024 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its full year results for the twelve months ended 30 June 2024 after the US market closes on Thursday 15 August 2024. A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Thursday 15 August 2024 / 7.30am Australian Eastern Standard Time on Friday 16 August 2024. For those wishing to participate in the call please use the following dial-in numbers:USA: ...
Time-Tested Stocks: 3 Dividend Aristocrats With Yields Over 4%
Investor Place· 2024-07-29 18:36
Stocks with long histories of dividend growth have stood the test of time. Among the most striking examples of such reliability are dividend aristocrats, a group of just 68 stocks within the S&P 500 index that have raised their dividends for at least 25 consecutive years.These dividend growth stocks have outlasted competitive threats, navigated recessions and kept raising dividends through it all. Better still, we can narrow this list of excellent dividend stocks to just those with yields above 4%.In this a ...
3 Sustainable Packaging Stocks Wrapping Up Profits
Investor Place· 2024-07-18 23:35
Sustainable packaging stocks are an attractive investment because the industry is growing and advancing at a fast pace. Sustainable packaging stocks include companies that design and manufacture packaging packaging solutions that are eco-friendly. These companies are involved in the development of packaging solutions. These solutions are either made to be recycled or biodegradable, or even reusable through the use of modern technology.Technological developments are therefore being used in the sustainable pa ...
7 Dividend Aristocrats Offering High-Yield Returns
Investor Place· 2024-07-17 10:26
Core Insights - The article focuses on seven prominent companies recognized as Dividend Aristocrats, highlighting their potential returns, income reliability, and sustainability in financial markets [1][2]. Company Summaries Amcor (AMCR) - Amcor leads in packaging solutions with a forward dividend yield of 4.9% and has shown a 1% annual increase in adjusted EPS to $0.178 in Q3 fiscal 2024 [3][4]. - The company reported an adjusted EBIT of $397 million, a 4% increase on a comparable constant currency basis, indicating effective cost management [4]. - Amcor's adjusted free cash flow (FCF) is projected between $850 million and $950 million for fiscal 2024, with a year-to-date increase in FCF by $100 million [4]. Realty Income (O) - Realty Income is a REIT with a forward dividend yield of 5.61%, investing $598 million across retail, industrial, and data centers in Q1 2024 [6][7]. - Over half of the investment volume, $323 million, was allocated in Europe and the U.K. at an 8.2% initial weighted average cash yield [6]. - The portfolio includes over 1,500 clients across multiple countries, with no individual client exceeding 1% of total portfolio annualized rent, mitigating tenant default risk [7]. AT&T (T) - AT&T, a telecommunications giant, offers a forward dividend yield of 5.91% and added 349,000 postpaid phone net subscribers in Q1 2024, totaling 71.6 million [8][9]. - The fiber segment has expanded significantly, passing 2.4 million new locations, increasing the total to over 27 million [9]. - The consumer base for AT&T fiber grew by about 1.1 million to nearly 8.6 million customers, indicating strong subscriber growth [9]. Chevron (CVX) - Chevron, the largest U.S.-integrated energy company, has a forward dividend yield of 4.1% and reported adjusted earnings exceeding $5 billion in Q1 2024 [10][11]. - The company achieved a 35% increase in U.S. output, significantly driven by organic expansion in the Permian Basin [11]. - Chevron returned over $5 billion in cash during Q1 2024, demonstrating effective earnings allocation [12]. ExxonMobil (XOM) - ExxonMobil, another major U.S.-integrated energy company, has a forward dividend yield of 3.3% and generated $8.2 billion in profits in Q1 2024 [13][14]. - The company plans to invest between $23 and $25 billion by 2024, aiming for increased cash flow and profitability [14]. - ExxonMobil's net debt-to-capital ratio has decreased to 3%, the lowest in over 10 years, and it paid out $6.8 billion in dividends [14]. Altria (MO) - Altria, a leading tobacco company, offers an 8.2% forward dividend yield and reported adjusted operating companies' income exceeding $2.4 billion [15][16]. - Marlboro holds a 42% retail share in the cigarette market, with a 0.7 percentage point increase in the premium market [16]. - The company has expanded NJOY's distribution to over 80,000 locations, with plans to reach 100,000 by year-end [16]. T. Rowe Price (TROW) - T. Rowe Price, offering mutual funds and investment services, generated $1.54 trillion in assets under management (AUM) as of Q1 2024, a 12% rise from the previous year [17][18]. - The firm holds $676 billion, or 65%, of retirement assets in U.S.-defined contribution plans, showcasing its strong market position [18]. - T. Rowe Price's stock delivers a forward yield of 4.1%, supported by high AUM growth [18].
Safe Space? 3 Dividend Aristocrats With 5% Yield
MarketBeat· 2024-07-16 11:12
Income is fundamental to investing success, and few income streams are as safe and reliable as dividends from the Dividend Aristocrats. The Dividend Aristocrats are S&P 500 companies with a track record of at least 25 consecutive annual dividend increases, and many qualify as Kings. Dividend Kings have increased their payments for at least 50 years and are businesses with the ability to withstand adverse conditions, paying a consistently increasing distribution throughout the business cycle. However, even D ...
4 Dividend Aristocrats To Buy In July And 4 To Watch
Seeking Alpha· 2024-07-09 13:42
Core Insights - The S&P 500 Dividend Aristocrats index now includes 67 companies, with recent changes including the removal of Walgreens Boots Alliance (WBA) and the addition of Fastenal (FAST) [1] - 3M's (MMM) status as a Dividend Aristocrat is at risk due to a dividend cut following the spin-off of its Solventum healthcare business [1] - The article highlights the importance of Dividend Aristocrats for reliable income growth and suggests they are a good starting point for long-term dividend investment [1] Changes in Dividend Aristocrats - Walgreens Boots Alliance (WBA) was removed from the index after cutting its dividend by nearly 50% in late 2023, ending a nearly 50-year streak of annual increases [1] - Fastenal (FAST) was added to the index, recognized for its 25 consecutive years of dividend hikes [1] - Other changes included the removal of V.F. Corp. (VFC) and the addition of Kenvue (KVUE), which was spun off from Johnson & Johnson (JNJ) [1] Investment Opportunities - Investors can gain exposure to the S&P 500 Dividend Aristocrats through the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), which has $11.6 billion in assets and an expense ratio of 0.35% [2] - The article identifies four high-yield Aristocrats: Realty Income Corp (O), Franklin Resources Inc (BEN), Amcor PLC (AMCR), and Kenvue Inc (KVUE), which are considered attractive for their high dividends relative to share prices [2] Analyst Projections - Analysts predict significant gains for several Dividend Aristocrats by July 2025, with projected returns ranging from 18.17% to 27.95% [3] - Genuine Parts Co (GPC) is projected to net $276.52, Kenvue Inc (KVUE) $262.54, and Medtronic PLC (MDT) $237.28 based on target price estimates and dividends [3] - The average net gain for a $10,000 investment in the top ten Aristocrats is estimated at 22.1% [3] Yield Analysis - The article discusses the "Dividend Dogs" strategy, which focuses on high-yield stocks that have seen price declines, making their yields more attractive [4] - The top ten Aristocrats by yield include Realty Income Corp, Franklin Resources Inc, Amcor PLC, and Kenvue Inc, with the potential for further gains as market conditions change [8] Performance Metrics - The average projected upside for the top ten Aristocrats is 19.51%, with individual stocks like Genuine Parts Co and Kenvue Inc showing potential upsides of 25.63% and 22.88%, respectively [9] - The article emphasizes the importance of both yield and analyst price targets in assessing the attractiveness of Dividend Aristocrats [10]
Asia-Pacific Graphics Film Market Research and Competitive Landscape Report 2024-2030 Featuring Amcor Plc, LINTEC Corporation, and LX Hausys
GlobeNewswire News Room· 2024-07-09 13:16
Dublin, July 09, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Graphics Film Market: Focus on End User, Product Type, Technology, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering. The Asia-Pacific graphics film market was valued at $9.73 billion in 2023 and is expected to reach $16.27 billion by 2033, growing at a CAGR of 5.28% between 2023-2033 The demand for graphics films, including sustainable and self-adhesive variants, is expected to rise due to ...
The 3 Highest-Yielding Dividend Aristocrats to Buy This Summer
Investor Place· 2024-06-26 16:00
Core Viewpoint - The article emphasizes the importance of passive income through high-yielding Dividend Aristocrats, which are companies in the S&P 500 that have consistently increased their dividends for at least 25 years [1]. Group 1: Dividend Aristocrats Overview - To qualify as a Dividend Aristocrat, a company must have a float-adjusted market cap of $3 billion, an average daily volume of $5 million over the last three months, and positive earnings growth [1]. - This stringent criteria narrows down the list to some of the most attractive companies in the market [1]. Group 2: Amcor (AMCR) - Amcor operates in two main segments: Flexibles (packaging for beverages, medical, personal care, and food) and Rigid Packaging (containers for beverages and dressings) [3]. - The company reported flat revenue year-over-year, but earnings per share increased from 53 cents to 70 cents, reflecting a 32% growth [4]. - Amcor's forward annual dividend rate is 50 cents, translating to a 5% yield, justifying its inclusion among the highest-yielding Dividend Aristocrats [4]. Group 3: T. Rowe Price Group (TROW) - T. Rowe Price is a global asset management company that offers a wide range of investments and financial services [5]. - The company faced challenges due to a high interest rate environment but still improved earnings by 16%, with EPS rising from $6.73 to $7.78 [6]. - T. Rowe Price pays a forward dividend rate of $4.96, reflecting a 4.2% yield, making it an attractive option for investors [6]. Group 4: International Business Machines (IBM) - IBM has a 30-year record of dividend increases and operates in four key segments: Software, Infrastructure, Consulting, and Financing [7]. - The company reported a 2% revenue increase in 2023, driven by growth in software and consulting, with diluted EPS increasing by 13% [8]. - IBM's forward dividend rate is $6.68, translating to a 3.8% yield, positioning it as a strong candidate among high-yield Dividend Aristocrats [8].
4 Dividend Aristocrats To Buy In June And 4 To Watch
Seeking Alpha· 2024-06-07 12:50
Core Insights - The S&P 500 Dividend Aristocrats index now includes 67 companies, with recent changes including the removal of Walgreens Boots Alliance due to a significant dividend cut and the addition of Fastenal for its consistent dividend increases [2][3] - 3M is expected to lose its Aristocrat status following a spin-off that affects its dividend payments, marking a rare occurrence of a long-standing Aristocrat being removed from the index [3][2] - The article highlights the importance of Dividend Aristocrats as reliable income-generating stocks, suggesting they are a good starting point for long-term investment portfolios [3] Changes in the Dividend Aristocrats - Walgreens Boots Alliance (WBA) was removed from the index after cutting its dividend by nearly 50% [2] - Fastenal (FAST) was added to the index for its 25-year streak of annual dividend increases [2] - Other notable changes include the removal of V.F. Corp. (VFC) and the addition of Kenvue (KVUE), which was spun off from Johnson & Johnson [2] Performance and Projections - Analysts predict significant gains for several Aristocrats, with expected returns ranging from 16.43% to 22% by June 2025 [6] - The average net gain in dividend and price for the top ten Aristocrats is estimated at 19.5% on a $10,000 investment [6] - Specific projections include Chevron Corp. (CVX) expected to net $220.00, Kenvue Inc. projected at $216.93, and Exxon Mobil Corp. (XOM) at $202.88 [6] High-Yield Aristocrats - The article identifies four high-yield Aristocrats that meet the "dogcatcher" criteria, which are Realty Income Corp. (O), Franklin Resources, Inc. (BEN), Amcor plc (AMCR), and Kenvue Inc. [5] - The top ten Aristocrats by yield include a mix of sectors, with Realty Income Corp. leading the list [12][13] Analyst Insights - Analysts have provided median price target estimates that indicate potential upside for several Aristocrats, with Chevron Corp. and Kenvue Inc. showing the highest projected gains [14] - The article emphasizes the use of analyst estimates as a measure of market sentiment and potential investment opportunities [15]
5 Packaging Stocks to Watch in a Challenging Industry
ZACKS· 2024-06-06 14:31
The Zacks Containers - Paper and Packaging industry has been facing weak demand due to lower consumer spending amid an inflationary backdrop and high interest rates. Pricing actions implemented by the industry players will help offset the impacts of supply-chain disruptions and elevated costs. The industry will gain support from rising e-commerce activities, and solid demand for sustainable and eco-friendly packaging options due to increasing environmental concerns. Companies like Packaging Corporation of A ...