Acme United Co. to Issue Quarterly Dividend of $0.15 (NYSE:ACU)

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Investors of record on Wednesday, March 26th will be paid a dividend of 0.15 per share on Wednesday, April 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Wednesday, March 26th.

Acme United has raised its dividend by an average of 4.9% annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Acme United has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings.

Acme United Stock Down 1.4 %

Shares of Acme United stock opened at $39.92 on Monday. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United has a 52-week low of $32.85 and a 52-week high of $50.00. The company has a 50 day moving average of $37.51 and a 200 day moving average of $39.91. The company has a market capitalization of $149.86 million, a P/E ratio of 8.16 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Acme United from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.