Acme United Co. (NYSEMKT:ACU) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Monday, October 3rd will be given a dividend of 0.10 per share on Monday, October 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 29th.

Acme United (NYSEMKT:ACU) traded down 1.10% during midday trading on Wednesday, reaching $21.66. 25,095 shares of the company were exchanged. Acme United has a 52 week low of $13.01 and a 52 week high of $22.19. The firm’s 50 day moving average price is $20.81 and its 200-day moving average price is $18.62. The stock has a market capitalization of $71.95 million, a P/E ratio of 14.27 and a beta of 0.53.

Acme United (NYSEMKT:ACU) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. The firm had revenue of $41 million for the quarter, compared to analyst estimates of $37.15 million. Equities analysts forecast that Acme United will post $1.55 EPS for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/acme-united-co-acu-announces-quarterly-dividend-of-0-10.html

Several equities analysts have recently commented on the stock. DA Davidson assumed coverage on shares of Acme United in a report on Friday, July 1st. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Acme United from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 30th. Finally, Singular Research upped their price target on shares of Acme United from $21.00 to $24.50 and gave the company a “buy” rating in a research note on Wednesday, August 10th.

Acme United Company Profile

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Receive News & Ratings for Acme United Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acme United Co. and related companies with MarketBeat.com's FREE daily email newsletter.