Acco Brands Corporation (NYSE:ACCO – Get Free Report) announced a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, August 21st.
Acco Brands has raised its dividend 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 $0.96 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 31.3%.
Acco Brands Price Performance
Shares of Acco Brands stock traded up $0.07 on Friday, reaching $3.98. The company’s stock had a trading volume of 586,514 shares, compared to its average volume of 934,165. The company has a quick ratio of 0.98, a current ratio of 1.77 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $367.65 million, a P/E ratio of 5.11, a PEG ratio of 0.78 and a beta of 1.21. The stock has a 50-day moving average price of $3.97 and a 200-day moving average price of $3.75. Acco Brands has a 52-week low of $2.81 and a 52-week high of $4.36.
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.
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