Acco Brands Corporation Announces Quarterly Dividend of $0.08 (NYSE:ACCO)

Acco Brands Corporation (NYSE:ACCO) declared a quarterly dividend on Friday, February 27th. Investors of record on Friday, March 20th will be paid a dividend of 0.075 per share by the industrial products company on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, March 20th.

Acco Brands has increased its dividend by an average of 0.0%annually over the last three years. Acco Brands has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acco Brands to earn $1.29 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 23.3%.

Acco Brands Trading Down 1.1%

ACCO traded down $0.05 during trading on Friday, hitting $4.08. 690,744 shares of the stock traded hands, compared to its average volume of 601,212. The firm has a market capitalization of $367.32 million, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.39 and a beta of 1.09. Acco Brands has a 12-month low of $3.20 and a 12-month high of $4.93. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.68 and a quick ratio of 0.96. The firm has a 50-day moving average of $3.96 and a 200 day moving average of $3.87.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its position in shares of Acco Brands by 20.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 863,769 shares of the industrial products company’s stock worth $3,092,000 after purchasing an additional 144,005 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Acco Brands by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,463,492 shares of the industrial products company’s stock valued at $30,376,000 after buying an additional 174,984 shares during the last quarter. CSM Advisors LLC purchased a new position in Acco Brands during the second quarter valued at $2,638,000. Gamco Investors INC. ET AL boosted its holdings in Acco Brands by 188.2% in the second quarter. Gamco Investors INC. ET AL now owns 432,373 shares of the industrial products company’s stock worth $1,548,000 after acquiring an additional 282,326 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Acco Brands by 10.2% in the second quarter. American Century Companies Inc. now owns 2,774,426 shares of the industrial products company’s stock worth $9,932,000 after acquiring an additional 257,144 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

About Acco Brands

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.