The past year's share price retrace, coupled with a big lift in dividends, has seen Amcor PLC (ASX: AMC) shares join the ASX's high-yielding club.
There's not really a club.
But at Tuesday's closing price of $54.38, the S&P/ASX 200 Index (ASX: XJO) global packaging giant trades on an unfranked dividend yield (partly trailing, partly forecast) of 6.8%.
As you may be aware, unlike many ASX 200 dividend stocks, which make twice-yearly payouts, Amcor pays its dividends on a quarterly basis.
And with its acquisition of United States-based packaging company Berry Global completed last year, the past two quarters have seen Amcor ramp up its passive income payments.
In the first two quarters of 2026, Amcor declared two unfranked dividends, totalling $1.84 a share. If you owned shares at market close yesterday, you can expect to receive the Q2 dividend of 91 cents a share on 17 June. Amcor stock is trading ex-dividend today.
Now, with Amcor shares down 22% over the past 12 months, and assuming similar dividend payouts in the next two quarters, is the ASX 200 stock a good buy for passive income?
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Should you buy Amcor shares for passive income?
Shaw and Partners' Jed Richards recently ran his slide rule over Amcor shares (courtesy of The Bull).
Commenting on the recent headwinds pressuring the stock, he said, "This packaging giant continues to face pressure from elevated input costs, particularly linked to higher oil and plastic prices, which have impacted margins."
But, citing the company's "attractive dividend yield" and ability to pass on rising costs, Richards believes investors should hold onto their Amcor shares. He noted:
Despite this, the company maintains strong global operations and continues to generate stable cash flow. A weaker share price provides an attractive dividend yield for income investors.
Recent updates indicate increased costs have been passed through to customers. Holding is appropriate given its defensive packaging exposure, but upside will likely depend on managing input costs.
What's the latest from the ASX 200 stock?
Amcor shares closed up 3.9% on 7 May, following the release of the company's March quarter results (Q3 FY 2026).
The company noted that with its Berry Global takeover completed, it realised acquisition synergies of US$77 million during the quarter.
The March quarter saw Amcor deliver net sales of US$5.91 billion, up 77% year on year. And adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$892 million surged by 87%.
"Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor," Amcor CEO Peter Konieczny said on the day.
