Acme United Co. (ACU) To Go Ex-Dividend on July 2nd

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Thursday, July 2nd will be given a dividend of 0.16 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, July 2nd.

Acme United has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Acme United has a payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings.

Acme United Trading Down 1.5%

NYSE ACU opened at $48.23 on Tuesday. The firm has a market capitalization of $183.76 million, a price-to-earnings ratio of 9.86 and a beta of 0.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. Acme United has a one year low of $35.50 and a one year high of $50.00. The company’s 50 day moving average price is $43.52 and its 200 day moving average price is $43.31.

Acme United Company Profile

Acme United Corporation is a diversified manufacturer and marketer of cutting, measuring and safety products designed for consumer, professional and industrial end markets. The company’s product portfolio spans shears, scissors, cutters, rulers, pencil sharpeners, first aid kits and medical products, as well as fishing knives, survival tools and related accessories. Acme United serves a wide range of end‐use channels, including office supply, school, hardware, mass merchandise and sporting goods retail.

Founded in the 19th century and headquartered in Shelton, Connecticut, Acme United operates through a collection of well‐established brands.