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

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, March 13th, RTT News reports. Shareholders of record on Wednesday, March 26th will be given a dividend of 0.15 per share on Wednesday, April 16th. This represents a $0.60 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, March 26th.

Acme United has increased its dividend by an average of 4.9% annually over the last three years and has increased its dividend every year for the last 20 years. Acme United has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings.

Acme United Stock Up 5.5 %

Shares of NYSE ACU opened at $40.00 on Friday. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $149.64 million, a PE ratio of 8.18 and a beta of 0.70. The stock’s fifty day simple moving average is $36.93 and its two-hundred day simple moving average is $40.11. Acme United has a 12-month low of $32.85 and a 12-month high of $50.00.

Analyst Ratings Changes

Separately, StockNews.com cut Acme United from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.