15 Best Low Priced Dividend Stocks to Buy Now

2. Amcor plc (NYSE:AMCR)

Share Price as of the Close of March 17: $9.85

Forward P/E Ratio as of March 17: 11.21

Amcor plc (NYSE:AMCR) is an Australian packaging company that offers a wide range of related products for different industries. The company is making steady progress on three key priorities: strengthening its core business, completing the necessary steps for its planned merger with Berry Global, and preparing for the integration process. The merger is expected to drive significant financial benefits, with cash earnings per share projected to rise by more than 35% and annual cash flow surpassing $3 billion. The company has also identified $650 million in total cost savings and financial synergies.

Looking ahead, management reaffirmed its full-year outlook, anticipating comparable constant currency growth between 3% and 8%. In addition, Amcor plc (NYSE:AMCR) remains confident in maintaining a leverage ratio of 3x or lower by the end of fiscal 2025 while generating adjusted free cash flow between $900 million and $1 billion. Strong insider buying over the past six months reflects confidence in the company’s growth trajectory.

In fiscal Q2 2025, Amcor plc (NYSE:AMCR) reported revenue of $3.24 billion, representing a slight 0.3% decline from the previous year. However, volumes increased by 2.3% year-over-year, building on the 1.6% growth recorded in the first quarter and marking four consecutive quarters of sequential volume gains. On a comparable constant currency basis, adjusted EBIT grew approximately 5% year-over-year to reach $363 million.

For the first half of fiscal 2025, Amcor plc (NYSE:AMCR) generated an operating cash flow of $228 million, up from $159 million in the same period the previous year. The company currently pays a quarterly dividend of $0.1275 per share, offering a dividend yield of 5.19% as of March 17. With 41 consecutive years of dividend increases, it remains one of the best low priced stocks that pay dividends.