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 is Friday, November 15th.
ACCO Brands has raised its dividend by an average of 4.9% annually over the last three years. ACCO Brands has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance
Shares of ACCO Brands stock opened at $4.81 on Friday. The stock has a market capitalization of $459.84 million, a price-to-earnings ratio of -17.81, a PEG ratio of 0.42 and a beta of 1.62. The firm’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.02. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. ACCO Brands has a 12 month low of $4.36 and a 12 month high of $6.62.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on ACCO shares. Barrington Research reissued 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 shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th.
View Our Latest Stock Report on ACCO Brands
Insider Buying and Selling at ACCO Brands
In other news, SVP Pamela R. Schneider sold 19,166 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by corporate insiders.
About ACCO Brands
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.
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