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

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Tuesday, December 16th. Shareholders of record on Tuesday, January 6th will be paid a dividend of 0.16 per share on Tuesday, January 27th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, January 6th.

Acme United has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 20 years. Acme United has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings.

Acme United Trading Down 0.8%

Shares of Acme United stock traded down $0.32 during trading hours on Wednesday, reaching $41.52. The stock had a trading volume of 1,058 shares, compared to its average volume of 12,742. The firm has a market capitalization of $158.07 million, a price-to-earnings ratio of 8.49 and a beta of 0.71. Acme United has a 1 year low of $34.35 and a 1 year high of $45.25. 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 50 day simple moving average of $37.73 and a two-hundred day simple moving average of $40.08.

Acme United (NYSE:ACU) last posted its earnings results on Tuesday, October 21st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same quarter in the prior year, the firm posted $0.54 earnings per share.

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.