Ardagh Metal Packaging: Stubbornly Maintaining Its 10% Dividend Yield
AMBPArdagh Metal Packaging(AMBP) Seeking Alpha·2024-04-29 22:30
Hathairat Dokbunnark/iStock via Getty Images Introduction I have been following Ardagh Metal Packaging (NYSE:AMBP) since the company went public through a spinoff from the Ardagh Group, which remains the company’s majority shareholder. Shareholders from day one in AMBP haven’t had a lot of reasons to be too happy yet. Yes, the company pays a handsome dividend, but that’s meaningless if you’re sitting on a 50%+ capital loss. As I am a strong believer in the aluminum can business, I continued to average d ...