Acco Brands Corporation (NYSE:ACCO – Get Free Report) declared a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, May 22nd.
Acco Brands has raised its dividend by an average of 0.0%per year over the last three years. Acco Brands has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Acco Brands to earn $0.96 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 31.3%.
Acco Brands Stock Performance
Shares of ACCO opened at $3.77 on Wednesday. The stock’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.63. The stock has a market capitalization of $348.09 million, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.15. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.98 and a current ratio of 1.77. Acco Brands has a 52-week low of $2.81 and a 52-week high of $4.30.
Analyst Ratings Changes
A number of analysts recently issued reports on ACCO shares. Weiss Ratings cut Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Wall Street Zen raised Acco Brands from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barrington Research reissued an “outperform” rating and set a $5.00 price objective on shares of Acco Brands in a report on Monday, May 4th. Finally, Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.
Read Our Latest Report on ACCO
Acco Brands Company Profile
Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.
The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.
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