Acme United Co. (NYSE:ACU) Announces $0.15 Quarterly Dividend

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Monday, January 6th will be given a dividend of 0.15 per share on Monday, January 27th. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, January 6th.

Acme United has increased its dividend by an average of 5.3% per year over the last three years. Acme United has a payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acme United to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.4%.

Acme United Price Performance

Shares of Acme United stock traded down $0.75 during trading hours on Tuesday, hitting $41.24. The company’s stock had a trading volume of 5,848 shares, compared to its average volume of 19,618. The business has a 50 day moving average price of $42.40 and a two-hundred day moving average price of $40.32. Acme United has a 12-month low of $32.85 and a 12-month high of $50.99. The company has a market cap of $154.28 million, a PE ratio of 8.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Acme United (NYSE:ACU) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). Acme United had a net margin of 10.25% and a return on equity of 9.70%. The business had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $52.40 million. Analysts expect that Acme United will post 2.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Acme United from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

About Acme United

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.