Acme United Co. (ACU) to Issue Quarterly Dividend of $0.15 on April 16th

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 given 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 1.47%. The ex-dividend date is Wednesday, March 26th.

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

Acme United Price Performance

NYSE:ACU opened at $40.85 on Friday. The business’s 50-day moving average price is $37.07 and its 200 day moving average price is $40.09. The firm has a market cap of $152.82 million, a P/E ratio of 8.35 and a beta of 0.70. Acme United has a 52-week low of $32.85 and a 52-week high of $50.00. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Acme United from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.