Acme United Co. (ACU) to Issue Quarterly Dividend of $0.15 on January 27th

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 dividend on an annualized basis and a 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% per year over the last three years. Acme United has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE ACU opened at $36.81 on Friday. Acme United has a 52 week low of $32.85 and a 52 week high of $50.99. 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 cap of $137.71 million, a price-to-earnings ratio of 7.53 and a beta of 0.67. The company has a 50-day moving average price of $41.09 and a two-hundred day moving average price of $40.46.

Acme United (NYSE:ACU) last announced its earnings results on Friday, October 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19). The company 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%. Analysts forecast that Acme United will post 2.78 EPS for the current year.

Analyst Ratings Changes

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