Acme United Co. (ACU) to Issue Quarterly Dividend of $0.16 on July 23rd

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.16 per share on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, July 2nd.

Acme United has increased 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 payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings.

Acme United Trading Up 2.5%

NYSE:ACU opened at $45.38 on Friday. Acme United has a 1 year low of $35.50 and a 1 year high of $47.31. The stock’s fifty day moving average price is $43.28 and its two-hundred day moving average price is $42.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a market cap of $172.90 million, a P/E ratio of 9.28 and a beta of 0.51.

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.