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

Acco Brands logo with Industrials background

Key Points

  • Acco Brands Corporation has declared a quarterly dividend of $0.08 per share, which will be paid on December 10th to shareholders of record by November 21st.
  • The company has a dividend payout ratio of 27.8% and an expected future payout ratio of 23.3%, indicating that earnings sufficiently cover the dividend.
  • Shares of Acco Brands rose to $4.14 recently, with a market cap of $372.69 million and a P/E ratio of 8.80.
  • Five stocks we like better than Acco Brands.

Acco Brands Corporation (NYSE:ACCO - Get Free Report) announced a quarterly dividend on Friday, October 24th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, November 21st.

Acco Brands has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:ACCO traded up $0.06 during trading on Friday, reaching $4.14. 338,104 shares of the company's stock traded hands, compared to its average volume of 730,664. Acco Brands has a fifty-two week low of $3.32 and a fifty-two week high of $6.43. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48. The firm has a market cap of $372.69 million, a PE ratio of 8.80, a P/E/G ratio of 0.47 and a beta of 1.41. The company has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $3.81.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its earnings results on Friday, March 15th. The industrial products company reported $0.32 EPS for the quarter. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%.The firm had revenue of $499.40 million for the quarter. As a group, analysts predict that Acco Brands will post 1.02 earnings per share for the current year.

Acco Brands Company Profile

(Get Free Report)

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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Dividend History for Acco Brands (NYSE:ACCO)

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