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

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, June 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, May 16th.

ACCO Brands has raised its dividend payment by an average of 4.9% per year over the last three years.

ACCO Brands Stock Down 0.4 %

Shares of NYSE:ACCO opened at $4.83 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.62. The company has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $5.57. The firm has a market cap of $461.94 million, a PE ratio of -20.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64.

ACCO Brands (NYSE:ACCO) last released its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The firm had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that ACCO Brands will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACCO has been the subject of several recent research reports. StockNews.com lowered shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and set a $7.50 target price on shares of ACCO Brands in a research note on Thursday, February 29th.

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.