Acme United Co. (NYSE:ACU) Shareholders Set to Receive $0.16 Quarterly Dividend

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.16 per share on Thursday, October 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 2nd.

Acme United has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Acme United has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings.

Acme United Stock Performance

Shares of NYSE:ACU opened at $63.72 on Wednesday. The company has a market cap of $242.77 million, a price-to-earnings ratio of 13.03 and a beta of 0.49. The company has a 50-day moving average price of $60.20 and a 200-day moving average price of $50.02. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Acme United has a 12 month low of $35.50 and a 12 month high of $64.87.

About Acme United

Acme United Corporation (NYSE: ACU) is a supplier of cutting, measuring, first-aid and safety products for consumer, commercial, educational, industrial and healthcare markets. Its product portfolio includes scissors, shears, rulers, sharpeners, knives, cutting tools and related accessories, as well as first-aid kits, medical supplies and workplace safety products.

The company markets products under brands including Westcott, First Aid Only, PhysiciansCare, Pac-Kit, Cuda and Camillus. These products are sold through office-supply, school-supply, mass-market, industrial, healthcare and online distribution channels.

Founded in 1867, Acme United has developed from a manufacturer of scissors and related tools into a diversified supplier serving customers in North America and Europe.