13 Incredibly Cheap Dividend Stocks to Invest In

3. Amcor plc (NYSE:AMCR)

Forward P/E as of September 19: 9.93

Amcor plc (NYSE:AMCR), a global packaging leader, is shifting its focus from traditional commodity plastics to higher-margin healthcare and hygiene markets through an all-stock merger with Berry Global. The $13.8 billion deal, which includes more than $7 billion in assumed debt, makes Amcor the world’s largest flexible plastics company, raising its global market share to about 7% and giving it stronger bargaining power with resin and film suppliers.

The healthcare and hygiene segments offer more durable growth, with a compound annual growth rate of 3–4%, while also lifting margins — healthcare nonwovens alone generate around 19% EBITDA. Meanwhile, Amcor plc (NYSE:AMCR)’s core flexible plastics and rigid packaging divisions remain essential to major FMCG companies such as Nestlé, Procter & Gamble, and Johnson & Johnson, who value its scale, dependability, and integrated offerings that are difficult for rivals to match.

On August 17, Amcor plc (NYSE:AMCR) declared a quarterly dividend of $0.1275 per share, which was in line with its previous dividend. Overall, the company has raised its payouts for 41 years in a row. With a dividend yield of 6.17%, as of September 19, AMCR is one of the best dividend stocks to buy.