Acco Brands Corporation (ACCO) To Go Ex-Dividend on November 21st

Acco Brands Corporation (NYSE:ACCO) announced a quarterly dividend on Friday, October 24th. Stockholders of record on Friday, November 21st will be given a dividend of 0.075 per share by the industrial products company on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Friday, November 21st.

Acco Brands has raised its dividend payment by an average of 0.0%annually over the last three years. Acco Brands has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of ACCO opened at $3.35 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48. Acco Brands has a 12-month low of $3.30 and a 12-month high of $6.32. The company has a market cap of $301.50 million, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.80.

Acco Brands (NYSE:ACCO) last announced its earnings results on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The company had revenue of $499.40 million during the quarter. As a group, equities analysts forecast that Acco Brands will post 1.02 earnings per share for the current fiscal year.

About Acco Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.