Acco Brands Corporation (NYSE:ACCO) Plans Quarterly Dividend of $0.08

Acco Brands Corporation (NYSE:ACCO) announced a quarterly dividend on Friday, February 27th. Investors of record on Friday, March 20th will be paid a dividend of 0.075 per share by the industrial products company on Thursday, March 26th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 20th.

Acco Brands has increased its dividend by an average of 0.0%per year over the last three years. Acco Brands has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Acco Brands to earn $1.29 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 23.3%.

Acco Brands Stock Down 1.1%

NYSE:ACCO traded down $0.05 on Friday, reaching $4.08. 690,744 shares of the stock traded hands, compared to its average volume of 601,212. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $367.32 million, a price-to-earnings ratio of 9.70, a PEG ratio of 0.39 and a beta of 1.09. Acco Brands has a 12 month low of $3.20 and a 12 month high of $4.93. The company’s fifty day simple moving average is $3.96 and its 200 day simple moving average is $3.87.

Institutional Investors Weigh In On Acco Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACCO. Allspring Global Investments Holdings LLC grew its position in Acco Brands by 2.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,649,602 shares of the industrial products company’s stock worth $28,227,000 after purchasing an additional 186,110 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Acco Brands by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,237,515 shares of the industrial products company’s stock valued at $24,888,000 after buying an additional 107,480 shares during the period. Capital Management Corp VA boosted its stake in shares of Acco Brands by 2.0% in the 3rd quarter. Capital Management Corp VA now owns 6,030,001 shares of the industrial products company’s stock worth $24,060,000 after buying an additional 118,420 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Acco Brands by 27.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,148,160 shares of the industrial products company’s stock worth $11,743,000 after buying an additional 682,260 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Acco Brands by 10.2% in the second quarter. American Century Companies Inc. now owns 2,774,426 shares of the industrial products company’s stock worth $9,932,000 after acquiring an additional 257,144 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Company Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.