ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Wednesday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, August 31st will be given a dividend of 0.06 per share by the industrial products company on Wednesday, September 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, August 30th.

NYSE:ACCO opened at $12.45 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of 10.08, a P/E/G ratio of 0.93 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.74 and a quick ratio of 1.15. ACCO Brands has a twelve month low of $10.68 and a twelve month high of $14.63.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $498.80 million during the quarter, compared to the consensus estimate of $493.85 million. ACCO Brands had a net margin of 7.02% and a return on equity of 17.95%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. analysts forecast that ACCO Brands will post 1.34 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. ValuEngine raised shares of ACCO Brands from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Zacks Investment Research downgraded shares of ACCO Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. BWS Financial set a $18.00 price target on shares of ACCO Brands and gave the company a “buy” rating in a research report on Tuesday, May 1st. Noble Financial reissued a “buy” rating and issued a $15.00 price target on shares of ACCO Brands in a research report on Monday, August 6th. Finally, Barrington Research reissued a “buy” rating and issued a $16.00 price target on shares of ACCO Brands in a research report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.40.

In related news, SVP Joseph S. Pekala sold 20,473 shares of ACCO Brands stock in a transaction on Monday, June 11th. The shares were sold at an average price of $13.52, for a total value of $276,794.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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