Aceto Co. Plans Quarterly Dividend of $0.06 (ACET)
Aceto (NASDAQ:ACET) announced a quarterly dividend on Thursday, September 4th, StockRatingsNetwork.com reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.06 per share on Monday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.23%.
Shares of Aceto (NASDAQ:ACET) traded down 0.76% during mid-day trading on Thursday, hitting $19.46. The stock had a trading volume of 71,177 shares. Aceto has a 52-week low of $14.28 and a 52-week high of $25.25. The stock’s 50-day moving average is $18.16 and its 200-day moving average is $18.84. The company has a market cap of $559.1 million and a price-to-earnings ratio of 19.38.
In other Aceto news, Chairman Albert L. Eilender unloaded 7,144 shares of Aceto stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $19.14, for a total value of $136,736.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Aceto Corporation (NASDAQ:ACET) is primarily engaged in the sourcing, regulatory support, quality assurance, marketing, sales and distribution of pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products and specialty chemicals used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical consuming industries.
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