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

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Shareholders of record on Friday, November 15th will be paid 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 yield of 4.83%. The ex-dividend date of this dividend is Friday, November 15th.

ACCO Brands has increased its dividend by an average of 4.9% annually over the last three years. ACCO Brands has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 1.7 %

Shares of ACCO Brands stock opened at $6.21 on Wednesday. The business’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.08. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.09. The company has a market capitalization of $576.79 million, a P/E ratio of -3.29, a PEG ratio of 0.48 and a beta of 1.63. ACCO Brands has a 1-year low of $4.36 and a 1-year high of $6.62.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The company had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts forecast that ACCO Brands will post 1.04 EPS for the current year.

Insider Activity at ACCO Brands

In related news, SVP Pamela R. Schneider sold 19,166 shares of ACCO Brands stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the sale, the senior vice president now owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ACCO has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of ACCO Brands in a report on Wednesday, September 4th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.

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.