5 Risk-Free Dividend Stocks to Buy Amid Rising Economic Uncertainty

4. Amcor plc (NYSE:AMCR)

Amcor is a global packaging company that makes flexible packaging, rigid containers, and specialty cartons for the consumer industry. The stock is relatively cheap, and offers a solid dividend yield of over 3%. In addition, Amcor has increased its dividend consistently for the last 25 years. The stock has gained 9% in value over the past 30 days as investors scramble to pile into risk-free dividend-paying stocks.

At the end of the fourth quarter of 2021, 24 hedge funds had stakes in Amcor, up from 19 funds a quarter earlier.

Amcor recently gave a strong financial update after which its shares rallied. The company upped its guidance for fiscal 2022 adjusted EPS growth to 9.5-11%.