Acco Brands Corporation (NYSE:ACCO – Get Free Report) announced a quarterly dividend on Thursday, February 26th. Investors of record on Friday, March 20th will be given a dividend of 0.075 per share by the industrial products company on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 20th.
Acco Brands has raised its dividend by an average of 0.0%per year over the last three years. Acco Brands has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acco Brands to earn $1.29 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 23.3%.
Acco Brands Stock Down 1.1%
NYSE ACCO opened at $3.21 on Wednesday. The business has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $3.84. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.61 and a quick ratio of 0.99. Acco Brands has a fifty-two week low of $3.18 and a fifty-two week high of $4.59. The stock has a market capitalization of $288.99 million, a PE ratio of 7.28, a PEG ratio of 0.38 and a beta of 1.08.
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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