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

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, October 25th,Zacks Dividends reports. Investors 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 yield of 4.81%. The ex-dividend date is Friday, November 15th.

ACCO Brands has raised its dividend payment by an average of 4.9% annually over the last three years. ACCO Brands has a payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ACCO Brands to earn $1.13 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 26.5%.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $6.24 on Thursday. The firm has a market capitalization of $579.57 million, a P/E ratio of -3.30, a P/E/G ratio of 0.50 and a beta of 1.63. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The stock’s 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $5.08. ACCO Brands has a twelve month low of $4.36 and a twelve month high of $6.62.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The company had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. During the same period in the prior year, the business earned $0.24 earnings per share. ACCO Brands’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that ACCO Brands will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of ACCO Brands in a report on Wednesday, September 4th.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were 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 owns 243,899 shares of the company’s stock, valued at approximately $1,334,127.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.30% of the company’s stock.

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.