Acme United Co. (ACU) To Go Ex-Dividend on March 26th

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Wednesday, March 26th will be given a dividend of 0.15 per share on Wednesday, April 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 26th.

Acme United has raised its dividend payment by an average of 4.9% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Acme United has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings.

Acme United Trading Down 1.4 %

NYSE ACU opened at $39.92 on Monday. The firm has a 50 day simple moving average of $37.51 and a 200-day simple moving average of $39.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. Acme United has a one year low of $32.85 and a one year high of $50.00. The firm has a market cap of $149.86 million, a price-to-earnings ratio of 8.16 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Acme United from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th.

About Acme United

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.