Acme United Co. (ACU) to Distribute Quarterly Dividend of $0.16 on October 22nd

Acme United Co. (NYSE:ACU) announced a quarterly dividend on Friday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, October 2nd.

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

Acme United Price Performance

Shares of NYSE ACU opened at $63.72 on Wednesday. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a market cap of $242.77 million, a P/E ratio of 13.03 and a beta of 0.49. Acme United has a 1-year low of $35.50 and a 1-year high of $64.87. The business’s 50 day moving average is $60.20 and its 200-day moving average is $50.02.

Insider Buying and Selling at Acme United

In other Acme United news, COO Brian Olschan sold 7,308 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $61.48, for a total value of $449,295.84. Following the completion of the transaction, the chief operating officer directly owned 41,172 shares in the company, valued at approximately $2,531,254.56. This trade represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Barker sold 3,821 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50. The SEC filing for this sale provides additional information. Insiders have sold 25,722 shares of company stock worth $1,504,987 over the last quarter. Corporate insiders own 29.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ACU. Integrated Wealth Concepts LLC purchased a new stake in Acme United in the 2nd quarter worth about $28,000. Nantahala Capital Management LLC purchased a new stake in shares of Acme United during the second quarter valued at approximately $974,776. Empowered Funds LLC bought a new position in shares of Acme United during the second quarter valued at approximately $257,000. Manatuck Hill Partners LLC purchased a new position in shares of Acme United in the 2nd quarter valued at approximately $379,000. Finally, Bard Associates Inc. purchased a new position in Acme United during the 2nd quarter valued at about $5,163,000. Institutional investors own 62.10% of the company’s stock.

Acme United Company Profile

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.