Acme United Co. (NYSE:ACU) Announces Quarterly Dividend of $0.16

Acme United Co. (NYSE:ACU) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.16 per share on Thursday, October 22nd. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 2nd.

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

Acme United Stock Down 0.1%

ACU stock opened at $63.72 on Wednesday. The company’s 50 day simple moving average is $60.20 and its 200-day simple moving average is $50.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. Acme United has a 12 month low of $35.50 and a 12 month high of $64.87. The firm has a market capitalization of $242.77 million, a PE ratio of 13.03 and a beta of 0.49.

About Acme United

Acme United Corporation (NYSE: ACU) is a supplier of cutting, measuring, first-aid and safety products for consumer, commercial, educational, industrial and healthcare markets. Its product portfolio includes scissors, shears, rulers, sharpeners, knives, cutting tools and related accessories, as well as first-aid kits, medical supplies and workplace safety products.

The company markets products under brands including Westcott, First Aid Only, PhysiciansCare, Pac-Kit, Cuda and Camillus. These products are sold through office-supply, school-supply, mass-market, industrial, healthcare and online distribution channels.

Founded in 1867, Acme United has developed from a manufacturer of scissors and related tools into a diversified supplier serving customers in North America and Europe.