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

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Friday, August 16th will be given a dividend of 0.075 per share by the industrial products company on Wednesday, September 4th. This represents a $0.30 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Friday, August 16th.

ACCO Brands has increased its dividend by an average of 4.9% per year over the last three years. ACCO Brands has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACCO Brands to earn $1.22 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 24.6%.

ACCO Brands Trading Up 1.2 %

NYSE:ACCO opened at $5.11 on Friday. The firm’s 50 day moving average is $4.84 and its two-hundred day moving average is $5.34. ACCO Brands has a fifty-two week low of $4.46 and a fifty-two week high of $6.62. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 1.18.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. ACCO Brands had a positive return on equity of 12.42% and a negative net margin of 1.36%. The business had revenue of $358.90 million for the quarter, compared to analyst estimates of $371.80 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was down 10.9% on a year-over-year basis. On average, equities research analysts predict that ACCO Brands will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACCO has been the topic of several research reports. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, June 22nd. Barrington Research cut their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th.

Insiders Place Their Bets

In other news, SVP Angela Y. Jones sold 15,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $4.96, for a total value of $74,400.00. Following the completion of the sale, the senior vice president now owns 18,621 shares in the company, valued at $92,360.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.30% of the stock is currently owned by insiders.

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.