Top 10 ASX Dividend Stocks Heading into 2025

4. Amcor plc (NYSE:AMCR)

Dividend Yield as of December 25: 5.37%

Amcor plc (NYSE:AMCR) ranks fourth on our list of the best ASX dividend stocks. The Victoria-based packaging company offers a wide range of related products for different industries. In fiscal Q1 2025, the company generated revenue of $3.35 billion, a slight decline of 2.6% compared to the same period the previous year. Despite this, the company started fiscal 2025 on a positive note, benefiting from improved volume growth and stronger customer demand. Adjusted earnings per share rose by 5%, with contributions from both the Flexibles and Rigid Packaging segments. This growth was driven by sequential volume increases and a continued focus on cost management and preserving margin strength.

Amcor plc (NYSE:AMCR) has announced plans to acquire its US competitor, Berry Global, through an all-stock deal valued at $8.43 billion. The merger will position the combined entity as a leading force in the consumer and healthcare packaging sector, with total revenues of $24 billion. This decision follows a wave of industry consolidation driven by declining demand for packaging materials, which had spiked during the pandemic’s e-commerce boom. The acquisition represents Amcor’s largest deal to date. Previously, in 2019, the company acquired US-based Bemis for $5.25 billion in an all-stock transaction, a deal that required the divestiture of three manufacturing facilities to gain approval from the US Justice Department.

On November 1, Amcor plc (NYSE:AMCR) announced a 2% increase in its quarterly dividend, raising it to $0.1275 per share. This marks the 41st consecutive year of dividend growth for the company. As of December 25, the stock supports a dividend yield of 5.37%.

At the end of Q3 2024, 18 hedge funds tracked by Insider Monkey held stakes in Amcor plc (NYSE:AMCR), compared with 21 in the previous quarter. These stakes have a consolidated value of $185.3 million.