5 Best Affordable Dividend Stocks to Buy

In this article, we discuss 5 best affordable dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Best Affordable Dividend Stocks to Buy. 

5. Amcor plc (NYSE:AMCR)

Share Price as of February 26: $11.28
P/E Ratio as of February 26: 15.89

Amcor plc (NYSE:AMCR) is a global packaging company that provides flexible packaging for home, personal care, and other products. On February 8, the company declared a quarterly dividend of $0.1225 per share, which fell in line with its previous dividend. In 2022, it extended its dividend growth streak to 39 years. The stock has a dividend yield of 4.34%, as of February 26.

In the first half of FY23, Amcor plc (NYSE:AMCR) reported revenue of $3.6 billion, which showed a 3.85% growth from the same period last year. For the six months that ended December 2022, the company’s free cash flow amounted to $105 million. As of February 26, the stock has a share price of $11.28 and a P/E ratio of 15.89, which places it as one of the best affordable dividend stocks on our list.

As of the close of Q4 2022, 24 hedge funds tracked by Insider Monkey reported owning stakes in Amcor plc (NYSE:AMCR), up from 23 in the previous quarter. These stakes have a total value of over $258.2 million. Polaris Capital Management owned the largest stake in the company, worth over $183.6 million.