Shares of AMC continue to hold above $14.40 after yesterday’s sharp reversal off of the $13.70 low.
After announcing their H1 net profit of USD330 million, versus USD309 million last year, the packaging giant lifted its interim dividend by 8% to 21 cents.
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We are holding AMC in our ASX Top 50 model portfolio and consider the stock a “buy/write” name over the medium -term.
As such, we would look to sell the $15.00 call into June, which would allow investors to collect the February dividend of 25.6 cents and enhance portfolio returns with the call premium.
Amcor
