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

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

Acme United has raised its dividend by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings.

Acme United Trading Down 1.1%

Acme United stock traded down $0.49 during midday trading on Thursday, hitting $42.67. 12,358 shares of the stock were exchanged, compared to its average volume of 11,714. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $43.27 and its 200 day simple moving average is $40.86. Acme United has a fifty-two week low of $35.31 and a fifty-two week high of $46.46. The stock has a market capitalization of $162.44 million, a price-to-earnings ratio of 8.73 and a beta of 0.71.

Acme United Company Profile

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.