Acme United Co. (NYSE:ACU) Announces Quarterly Dividend of $0.16

Acme United Co. (NYSE:ACU - Get Free Report) declared a quarterly dividend on Wednesday, June 18th, RTT News reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.16 per share on Thursday, July 24th. This represents a $0.64 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a 6.7% increase from Acme United's previous quarterly dividend of $0.15.

Acme United has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings.

Acme United Trading Up 1.6%

Shares of Acme United stock traded up $0.61 during trading hours on Friday, reaching $39.11. 39,028 shares of the company's stock were exchanged, compared to its average volume of 13,067. Acme United has a 52-week low of $32.85 and a 52-week high of $50.00. The company has a fifty day moving average of $39.37 and a 200-day moving average of $38.67. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $148.27 million, a price-to-earnings ratio of 8.00 and a beta of 0.65.

Acme United (NYSE:ACU - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported $0.41 earnings per share for the quarter. Acme United had a return on equity of 9.70% and a net margin of 10.25%. During the same quarter in the prior year, the firm earned $0.39 EPS.

Insider Buying and Selling at Acme United

In other news, COO Brian S. Olschan sold 809 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $39.95, for a total value of $32,319.55. Following the transaction, the chief operating officer now directly owns 42,210 shares in the company, valued at $1,686,289.50. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.10% of the stock is owned by company insiders.

Institutional Trading of Acme United

A hedge fund recently raised its stake in Acme United stock. Jane Street Group LLC raised its holdings in shares of Acme United Co. (NYSE:ACU - Free Report) by 61.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,839 shares of the company's stock after buying an additional 3,729 shares during the period. Jane Street Group LLC owned about 0.26% of Acme United worth $390,000 at the end of the most recent reporting period. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Acme United from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.