ACCO Brands Co. (ACCO) to Issue Quarterly Dividend of $0.08 on December 11th

ACCO Brands Co. (NYSE:ACCO) 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.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $438.30 million during the quarter, compared to analysts’ expectations of $452.73 million. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 13.32%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, equities analysts forecast that ACCO Brands will post 1.04 earnings per share for the current year.

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.

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.