Acco Brands Corporation (NYSE:ACCO – Get Free Report) announced a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 22nd will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Friday, May 22nd.
Acco Brands has increased its dividend payment by an average of 0.0%per year over the last three years. Acco Brands has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Acco Brands to earn $0.95 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 31.6%.
Acco Brands Stock Performance
Acco Brands stock traded up $0.05 during midday trading on Friday, reaching $3.30. 460,500 shares of the stock traded hands, compared to its average volume of 941,558. Acco Brands has a fifty-two week low of $2.81 and a fifty-two week high of $4.30. The company has a current ratio of 1.61, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The firm has a market cap of $304.00 million, a price-to-earnings ratio of 7.49, a PEG ratio of 0.40 and a beta of 1.16. The firm has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.66.
About Acco Brands
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.
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