Acme United Co. to Issue Quarterly Dividend of $0.11 (ACU)

Acme United Co. (NYSEAMERICAN:ACU) declared a quarterly dividend on Wednesday, December 20th, Wall Street Journal reports. Investors of record on Monday, January 8th will be paid a dividend of 0.11 per share on Monday, January 29th. This represents a $0.44 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, January 5th.

Acme United (ACU) traded down $0.02 during trading hours on Wednesday, hitting $23.35. The company had a trading volume of 2,351 shares, compared to its average volume of 6,612. Acme United has a fifty-two week low of $20.20 and a fifty-two week high of $29.49.

Acme United (NYSEAMERICAN:ACU) last released its quarterly earnings results on Friday, October 20th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.20). Acme United had a net margin of 3.56% and a return on equity of 9.64%. The company had revenue of $33.79 million during the quarter, compared to analyst estimates of $37.00 million.

An institutional investor recently bought a new position in Acme United stock. Northern Trust Corp acquired a new stake in shares of Acme United Co. (NYSEAMERICAN:ACU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,457 shares of the company’s stock, valued at approximately $214,000. Northern Trust Corp owned about 0.22% of Acme United as of its most recent filing with the Securities and Exchange Commission.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Acme United from a “strong sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised Acme United from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.

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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.

Dividend History for Acme United (NYSEAMERICAN:ACU)

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