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

Acme United Co. (NYSE:ACU - Get Free Report) announced a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.15 per share on Wednesday, April 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, March 26th.

Acme United has raised its dividend payment 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 Trading Down 1.5 %

ACU traded down $0.62 on Monday, hitting $40.23. The company had a trading volume of 11,831 shares, compared to its average volume of 15,760. The business's fifty day simple moving average is $37.17 and its 200 day simple moving average is $40.01. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United has a 12-month low of $32.85 and a 12-month high of $50.00. The company has a market cap of $151.02 million, a PE ratio of 8.23 and a beta of 0.70.

Analyst Ratings Changes

Separately, StockNews.com lowered Acme United from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th.

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.