ACCO Brands Co. (NYSE:ACCO) Plans Quarterly Dividend of $0.08

ACCO Brands Co. (NYSE:ACCO - Get Free Report) announced a quarterly dividend on Friday, February 14th,RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.075 per share by the industrial products company on Wednesday, March 26th. This represents a $0.30 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Friday, March 14th.

ACCO Brands has increased its dividend payment by an average of 3.6% per year over the last three years. ACCO Brands has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Analysts expect ACCO Brands to earn $1.13 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 26.5%.

ACCO Brands Stock Performance

ACCO traded up $0.31 during midday trading on Tuesday, reaching $5.68. The company's stock had a trading volume of 729,288 shares, compared to its average volume of 604,154. The stock has a market cap of $527.09 million, a P/E ratio of -3.00, a PEG ratio of 0.38 and a beta of 1.68. The company has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $5.37. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands has a twelve month low of $4.36 and a twelve month high of $6.55.

Analysts Set New Price Targets

A number of research firms have issued reports on ACCO. StockNews.com lowered ACCO Brands from a "strong-buy" rating to a "buy" rating in a report on Friday, December 20th. Barrington Research lifted their price objective on ACCO Brands from $7.00 to $7.50 and gave the stock an "outperform" rating in a report on Friday, November 22nd.

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.