Acme United Corp. Announces Quarterly Dividend of $0.09 (ACU)
Acme United Corp. (NYSE:ACU) announced a quarterly dividend on Thursday, July 31st, American Banking News reports. Investors of record on Wednesday, October 1st will be paid a dividend of 0.09 per share on Thursday, October 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.13%.
Several analysts have recently commented on the stock. Analysts at Singular Research raised their price target on shares of Acme United Corp. from $19.00 to $20.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock.
Shares of Acme United Corp. (NYSE:ACU) remained flat at $16.92 during during mid-day trading trading on Thursday. The stock had a trading volume of 500 shares. Acme United Corp. has a 52 week low of $10.62 and a 52 week high of $19.47. The stock’s 50-day moving average is $16.80 and its 200-day moving average is $16.37. The company has a market cap of $54.3 million and a P/E ratio of 13.18.
Acme United Corp. (NYSE:ACU) last announced its earnings results on Thursday, July 24th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $33.40 million for the quarter, compared to the consensus estimate of $31.60 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, analysts predict that Acme United Corp. will post $1.37 earnings per share for the current fiscal year.
Acme United Corporation is a worldwide supplier of cutting, measuring and safety products to the school, home, office, hardware and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.