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.
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.
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