Acco Brands Corporation (ACCO) to Issue Quarterly Dividend of $0.08 on December 10th

Acco Brands Corporation (NYSE:ACCO) declared a quarterly dividend on Friday, October 24th. Shareholders of record on Friday, November 21st will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, November 21st.

Acco Brands has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Acco Brands to earn $1.29 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 23.3%.

Acco Brands Stock Up 1.3%

Shares of ACCO opened at $4.14 on Friday. The firm has a 50 day simple moving average of $3.99 and a two-hundred day simple moving average of $3.81. The company has a market cap of $372.69 million, a P/E ratio of 8.80, a P/E/G ratio of 0.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. Acco Brands has a one year low of $3.32 and a one year high of $6.43.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings results on Friday, March 15th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $499.40 million during the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. Research analysts forecast that Acco Brands will post 1.02 EPS for the current fiscal year.

Institutional Trading of Acco Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Acco Brands by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company’s stock valued at $2,930,000 after purchasing an additional 3,039 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Acco Brands by 25.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 3,276 shares during the period. Invesco Ltd. boosted its position in Acco Brands by 1.2% during the first quarter. Invesco Ltd. now owns 336,908 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,027 shares during the last quarter. Diversified Trust Co boosted its position in Acco Brands by 18.4% during the first quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Acco Brands by 8.3% during the second quarter. Quantbot Technologies LP now owns 78,218 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 6,018 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.

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.