Acco Brands Corporation Announces Quarterly Dividend of $0.08 (NYSE:ACCO)

Key Points

• Acco Brands Corporation announced a quarterly dividend of $0.08 per share, representing an annualized dividend of $0.30 and a dividend yield of 7.64%.
• The company has a payout ratio of 27.8%, indicating that its dividend is well covered by earnings, with expectations of future earnings allowing a lowered payout ratio of 23.3%.
• Acco Brands shares are currently trading at $3.93 with a market cap of $353.64 million, and the stock has experienced a 2.4% decline recently.

Acco Brands Corporation (NYSE:ACCO - Get Free Report) declared a quarterly dividend on Friday, July 25th, RTT News reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, September 10th. This represents a $0.30 annualized dividend and a dividend yield of 7.64%.

Acco Brands has a payout ratio of 27.8% 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 Trading Down 2.4%

Shares of ACCO stock opened at $3.93 on Friday. The firm's 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.23. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 1.48. Acco Brands has a fifty-two week low of $3.32 and a fifty-two week high of $6.43. The stock has a market cap of $353.64 million, a price-to-earnings ratio of -3.47, a price-to-earnings-growth ratio of 0.39 and a beta of 1.35.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Acco Brands had a negative net margin of 6.68% and a positive return on equity of 15.48%. The business had revenue of $317.40 million for the quarter, compared to analysts' expectations of $318.75 million. On average, analysts anticipate that Acco Brands will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Acco Brands

An institutional investor recently bought a new position in Acco Brands stock. Dynamic Technology Lab Private Ltd acquired a new stake in Acco Brands Corporation (NYSE:ACCO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 30,229 shares of the industrial products company's stock, valued at approximately $127,000. Hedge funds and other institutional investors own 84.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACCO. Wall Street Zen raised shares of Acco Brands from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barrington Research reduced their price target on shares of Acco Brands from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd.

Acco Brands Company Profile

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.

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