ACCO Brands Co. Announces Quarterly Dividend of $0.08 (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO - Get Free Report) declared a quarterly dividend on Friday, April 25th, RTT News reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.075 per share by the industrial products company on Wednesday, June 18th. This represents a $0.30 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Friday, May 23rd.

ACCO Brands has raised its dividend payment by an average of 3.6% per year over the last three years. ACCO Brands has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACCO Brands to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 23.3%.

ACCO Brands Stock Performance

ACCO stock traded down $0.09 during midday trading on Wednesday, hitting $3.83. The company's stock had a trading volume of 202,174 shares, compared to its average volume of 679,607. The stock's 50-day moving average price is $4.19 and its 200 day moving average price is $5.02. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. ACCO Brands has a 1 year low of $3.47 and a 1 year high of $6.44. The stock has a market cap of $345.08 million, a price-to-earnings ratio of -3.61, a PEG ratio of 0.37 and a beta of 1.60.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The business had revenue of $448.10 million during the quarter, compared to analysts' expectations of $455.06 million. On average, equities analysts forecast that ACCO Brands will post 1.02 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on ACCO. Barrington Research cut their price objective on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. StockNews.com upgraded ACCO Brands from a "hold" rating to a "buy" rating in a research note on Friday, March 28th.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.