Dividend Aristocrats List by Yield: Top 10 Stocks

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5. Amcor plc (NYSE:AMCR)

Dividend Yield as of November 14: 4.19%

Amcor plc (NYSE:AMCR) is an American multinational packaging company that specializes in flexible packaging. In fiscal Q1 2023, the company reported an 8.5% year-over-year growth in its revenue at $3.71 billion. The company generated an adjusted free cash flow of $400 million and paid $181 million in dividends to shareholders, which shows that its cash flow is sufficient to cover its dividends.

On November 1, Amcor plc (NYSE:AMCR) declared a 2.1% growth in its quarterly dividend to $0.1225 per share. This was the company’s 39th consecutive year of dividend growth. The stock’s dividend yield on November 14 came in at 4.19%.

BofA called the Packaging industry the cheap group in the current market and double upgraded Amcor plc (NYSE:AMCR) to Buy in October with a $13 price target.

As of the close of Q2 2022, 20 hedge funds tracked by Insider Monkey owned stakes in Amcor plc (NYSE:AMCR), the same as in the previous quarter. The collective value of these stakes is over $252.4 million.

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