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

ACCO Brands Co. (NYSE:ACCO - Get Free Report) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 15th will be given 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% per year over the last three years. ACCO Brands has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities 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 mid-day trading on Friday, reaching $4.81. The company had a trading volume of 345,456 shares, compared to its average volume of 616,596. The stock has a market cap of $459.84 million, a P/E ratio of -17.81, a PEG ratio of 0.42 and a beta of 1.62. ACCO Brands has a 52-week low of $4.36 and a 52-week high of $6.62. The firm has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $5.02. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted 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 positive return on equity of 13.32% and a negative net margin of 10.15%. The firm had revenue of $438.30 million for the quarter, compared to the consensus estimate of $452.73 million. During the same period in the previous year, the business earned $0.38 earnings per share. The company's revenue for the quarter was down 11.3% compared to the same quarter last year. Sell-side analysts predict that ACCO Brands will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACCO. 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 set a $7.00 price target on shares of ACCO Brands in a report on Wednesday, September 4th.

Insider Transactions at ACCO Brands

In related news, SVP Pamela R. Schneider sold 19,166 shares of ACCO Brands stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the transaction, the senior vice president now directly owns 243,899 shares of the company's stock, valued at $1,334,127.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.30% of the company's stock.

ACCO Brands Company Profile

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.