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

Key Points

• Acme United Co. has declared a quarterly dividend of $0.16 per share, with dividends to be paid on October 23rd to shareholders recorded as of October 3rd.
• The company's current dividend yield is 1.5%, and it maintains a payout ratio of 35.5%, indicating strong earnings coverage.
• As of the most recent trading session, Acme United's shares were priced at $41.92, following a decline of $0.94, with the stock showing a one-year price range between $34.35 and $45.42.

Acme United Co. (NYSE:ACU - Get Free Report) declared a quarterly dividend on Friday, September 19th, RTT News reports. Investors of record on Friday, October 3rd will be paid a dividend of 0.16 per share on Thursday, October 23rd. This represents a c) annualized dividend and a yield of 1.5%.

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

Acme United Stock Performance

Shares of NYSE ACU traded down $0.94 during midday trading on Friday, hitting $41.92. The company's stock had a trading volume of 11,964 shares, compared to its average volume of 13,591. Acme United has a one year low of $34.35 and a one year high of $45.42. The firm has a market capitalization of $159.25 million, a price-to-earnings ratio of 8.57 and a beta of 0.70. The stock has a fifty day moving average price of $42.00 and a 200 day moving average price of $40.46. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Acme United (NYSE:ACU - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.16 earnings per share (EPS) for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%.

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.

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