ACCO Brands Co. (NYSE:ACCO) Plans $0.08 Quarterly Dividend

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, June 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, May 16th.

ACCO Brands has raised its dividend payment by an average of 4.9% annually over the last three years.

ACCO Brands Price Performance

NYSE:ACCO traded down $0.02 during trading hours on Friday, hitting $4.83. 411,581 shares of the company’s stock traded hands, compared to its average volume of 530,447. ACCO Brands has a twelve month low of $4.30 and a twelve month high of $6.62. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average price is $5.44 and its two-hundred day moving average price is $5.57.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that ACCO Brands will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and set a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th.

ACCO Brands Company Profile

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.