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

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Monday, January 6th will be paid a dividend of 0.15 per share on Monday, January 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, January 6th.

Acme United has increased its dividend by an average of 5.3% annually over the last three years. Acme United has a payout ratio of 27.0% meaning 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

NYSE ACU opened at $36.81 on Friday. The stock has a 50-day simple moving average of $41.09 and a 200 day simple moving average of $40.46. Acme United has a twelve month low of $32.85 and a twelve month high of $50.99. The stock has a market capitalization of $137.71 million, a PE ratio of 7.53 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 posted its quarterly earnings data on Friday, October 18th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $48.17 million during the quarter, compared to the consensus estimate of $52.40 million. Acme United had a net margin of 10.25% and a return on equity of 9.70%. Research analysts anticipate that Acme United will post 2.78 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of 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.