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

ACCO Brands Co. (NYSE:ACCO - Get Free Report) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.075 per share by the industrial products company on Wednesday, June 12th. This represents a $0.30 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, May 16th.

ACCO Brands has increased its dividend by an average of 4.9% per year over the last three years.

ACCO Brands Stock Down 0.4 %

Shares of NYSE ACCO traded down $0.02 during midday trading on Friday, hitting $4.83. 411,581 shares of the stock traded hands, compared to its average volume of 530,447. The company has a market cap of $461.94 million, a PE ratio of -20.13, a P/E/G ratio of 0.38 and a beta of 1.64. ACCO Brands has a one year low of $4.30 and a one year high of $6.62. The business has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $5.57. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58.

ACCO Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $488.60 million during the quarter, compared to the consensus estimate of $476.37 million. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, equities analysts predict that ACCO Brands will post 1.07 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and set a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th. StockNews.com downgraded ACCO Brands from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 28th.

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.