AMCOR PLC Declares USD 0.1275 Dividend for Q4 2024, Payment Set for March

AMCOR PLC Announces Q4 Dividend

AMCOR PLC (ASX: AMC) has declared an ordinary dividend of USD 0.1275 per security, reflecting its financial results for the quarter ending December 31, 2024. This announcement, made on February 4, 2025, confirms the company’s ongoing commitment to returning value to shareholders amid a competitive packaging sector.

The dividend will be paid on March 18, 2025, with an ex-dividend date of February 25 and a record date of February 26. These dates are critical for investors to ensure eligibility for the upcoming payment.

Currency and Tax Details

Notably, the dividend is unfranked, meaning it does not carry Australian franking credits. This could have tax implications for Australian investors, depending on their individual circumstances. The payment will be made primarily in US dollars, with an equivalent amount of AUD 0.204 per security based on the exchange rate of 1 AUD to 0.6251 USD.

AMCOR has also outlined flexible currency arrangements for its CDI holders. Investors resident in New Zealand will receive payments in NZD by default, while others will receive AUD unless they elect otherwise. This flexibility is facilitated through the Computershare Global Wire Service, allowing shareholders to select their preferred currency by February 26, 2025.

Implications for Investors

The declaration of this dividend signals AMCOR’s stable cash flow and confidence in its financial position despite the challenges in the consumer goods packaging sector. The absence of franking credits might be a consideration for tax-sensitive investors, but the steady dividend payment underscores the company’s shareholder-friendly approach.

Investors should monitor the upcoming payment date and consider currency preferences to optimise their returns. Additionally, the dividend announcement may influence market sentiment, particularly as it aligns with the company’s quarterly reporting cycle.