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

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Thursday, June 13th, Wall Street Journal reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.15 per share on Tuesday, July 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, July 2nd.

Acme United has increased its dividend payment by an average of 5.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years.

Acme United Stock Up 1.5 %

Shares of Acme United stock opened at $35.07 on Monday. Acme United has a 12 month low of $24.28 and a 12 month high of $50.99. The business has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $42.33. The company has a quick ratio of 1.90, a current ratio of 4.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $128.36 million, a PE ratio of 7.31 and a beta of 0.70.

Acme United (NYSE:ACU) last announced its quarterly earnings results on Friday, April 19th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $44.96 million for the quarter, compared to the consensus estimate of $48.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.60%. Research analysts predict that Acme United will post 2.53 EPS for the current year.

Insider Buying and Selling at Acme United

In related news, COO Brian S. Olschan sold 5,566 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $42.93, for a total transaction of $238,948.38. Following the sale, the chief operating officer now directly owns 41,103 shares in the company, valued at $1,764,551.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Brian S. Olschan sold 7,800 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $40.33, for a total transaction of $314,574.00. Following the completion of the transaction, the chief operating officer now directly owns 41,103 shares in the company, valued at approximately $1,657,683.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Brian S. Olschan sold 5,566 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $42.93, for a total value of $238,948.38. Following the transaction, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at $1,764,551.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,905 shares of company stock valued at $658,194. 34.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Acme United from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st.

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.