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

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Friday, September 20th, Wall Street Journal reports. Investors of record on Friday, October 4th will be paid a dividend of 0.15 per share on Thursday, October 24th. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, October 4th.

Acme United has raised its dividend by an average of 5.3% per year over the last three years. Acme United has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.5 %

Shares of ACU opened at $41.43 on Wednesday. The business has a 50-day moving average of $41.84 and a 200 day moving average of $40.14. Acme United has a fifty-two week low of $26.32 and a fifty-two week high of $50.99. The firm has a market cap of $151.72 million, a P/E ratio of 8.63 and a beta of 0.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 3.79.

Acme United (NYSE:ACU) last announced its quarterly earnings data on Friday, July 19th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.15. Acme United had a return on equity of 10.14% and a net margin of 10.09%. The company had revenue of $55.43 million during the quarter, compared to analyst estimates of $56.50 million. As a group, research analysts forecast that Acme United will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACU. Singular Research raised Acme United from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. StockNews.com raised Acme United from a “hold” rating to a “buy” rating in a report on Saturday, July 20th.

Insider Buying and Selling

In other Acme United news, COO Brian S. Olschan sold 3,149 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $40.88, for a total value of $128,731.12. Following the completion of the sale, the chief operating officer now owns 41,103 shares in the company, valued at $1,680,290.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 34.10% of the stock is currently owned by corporate 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.