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

Acme United Co. (NYSE:ACU - Get Free Report) announced a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Monday, January 6th will be paid 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 1.43%. The ex-dividend date is Monday, January 6th.

Acme United has raised its dividend payment by an average of 5.3% annually over the last three years. Acme United has a dividend payout ratio of 27.0% meaning 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 Trading Down 0.1 %

Shares of NYSE ACU traded down $0.05 on Tuesday, reaching $41.94. 5,848 shares of the company traded hands, compared to its average volume of 19,618. The stock has a market capitalization of $156.90 million, a PE ratio of 8.58 and a beta of 0.67. Acme United has a fifty-two week low of $32.85 and a fifty-two 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 company has a 50 day moving average of $42.39 and a 200 day moving average of $40.36.

Acme United (NYSE:ACU - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $48.17 million for the quarter, compared to analyst estimates of $52.40 million. Acme United had a return on equity of 9.70% and a net margin of 10.25%. On average, equities research analysts forecast that Acme United will post 2.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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.