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

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, June 13th, Wall Street Journal reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.15 per share on Tuesday, July 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, July 2nd.

Acme United has increased its dividend payment by an average of 5.3% annually over the last three years and has increased its dividend every year for the last 4 years.

Acme United Stock Performance

Acme United stock opened at $35.07 on Monday. Acme United has a fifty-two week low of $24.28 and a fifty-two week high of $50.99. The company has a market capitalization of $128.36 million, a price-to-earnings ratio of 7.31 and a beta of 0.70. The stock has a fifty day moving average of $37.95 and a two-hundred day moving average of $42.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.90 and a current ratio of 4.51.

Acme United (NYSE:ACU) last announced its earnings results on Friday, April 19th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $44.96 million during the quarter, compared to the consensus estimate of $48.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.60%. On average, analysts anticipate that Acme United will post 2.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acme United from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st.

Insider Buying and Selling at Acme United

In related news, COO Brian S. Olschan sold 1,320 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $42.08, for a total transaction of $55,545.60. Following the transaction, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at approximately $1,729,614.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Brian S. Olschan sold 1,320 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $42.08, for a total transaction of $55,545.60. Following the completion of the sale, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at approximately $1,729,614.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brian S. Olschan sold 1,219 shares of Acme United stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the sale, the chief operating officer now directly owns 41,103 shares in the company, valued at approximately $1,656,450.90. The disclosure for this sale can be found here. Insiders have sold 15,905 shares of company stock valued at $658,194 over the last three months. 34.10% of the stock is owned by company insiders.

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.