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

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, March 12th. Investors of record on Wednesday, March 25th will be given a dividend of 0.16 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, March 25th.

Acme United has raised its dividend payment by an average of 0.1%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 1.1%

ACU opened at $42.67 on Friday. The company has a market cap of $162.44 million, a P/E ratio of 8.73 and a beta of 0.71. Acme United has a 1-year low of $35.31 and a 1-year high of $46.46. The company’s 50 day moving average is $43.32 and its 200-day moving average is $40.88. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

About Acme United

Acme United Corporation is a diversified manufacturer and marketer of cutting, measuring and safety products designed for consumer, professional and industrial end markets. The company’s product portfolio spans shears, scissors, cutters, rulers, pencil sharpeners, first aid kits and medical products, as well as fishing knives, survival tools and related accessories. Acme United serves a wide range of end‐use channels, including office supply, school, hardware, mass merchandise and sporting goods retail.

Founded in the 19th century and headquartered in Shelton, Connecticut, Acme United operates through a collection of well‐established brands.