ACCO Brands Co. (NYSE:ACCO) to Issue $0.08 Quarterly Dividend

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, December 11th. This represents a $0.30 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, November 15th.

ACCO Brands has increased its dividend by an average of 4.9% annually over the last three years. ACCO Brands has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect ACCO Brands to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 25.0%.

ACCO Brands Stock Down 1.2 %

Shares of NYSE:ACCO traded down $0.06 during trading on Friday, hitting $4.81. 345,456 shares of the company’s stock traded hands, compared to its average volume of 616,596. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average price of $5.27 and a 200-day moving average price of $5.03. ACCO Brands has a 52 week low of $4.36 and a 52 week high of $6.62. The company has a market cap of $459.84 million, a price-to-earnings ratio of -17.81, a price-to-earnings-growth ratio of 0.42 and a beta of 1.62.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 13.32%. The firm had revenue of $438.30 million for the quarter, compared to analyst estimates of $452.73 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was down 11.3% on a year-over-year basis. As a group, research analysts forecast that ACCO Brands will post 1.04 EPS for the current fiscal year.

Insider Transactions at ACCO Brands

In related news, SVP Pamela R. Schneider sold 19,166 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the transaction, the senior vice president now owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ACCO shares. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Barrington Research reissued an “outperform” rating and issued a $7.00 target price on shares of ACCO Brands in a research report on Wednesday, September 4th.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.