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

Acme United Co. (NYSEMKT:ACU) declared a quarterly dividend on Tuesday, July 11th, Wall Street Journal reports. Shareholders of record on Thursday, July 20th will be given a dividend of 0.11 per share on Thursday, August 3rd. This represents a $0.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, July 18th. This is a positive change from Acme United’s previous quarterly dividend of $0.10.

Acme United (ACU) traded up 1.31% during trading on Friday, reaching $27.10. 883 shares of the company’s stock traded hands. The stock has a market cap of $91.35 million, a P/E ratio of 17.95 and a beta of 0.53. Acme United has a one year low of $19.29 and a one year high of $29.49. The firm’s 50 day moving average price is $27.85 and its 200-day moving average price is $26.92.

Acme United (NYSEMKT:ACU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.25. The company had revenue of $38.85 million during the quarter, compared to analysts’ expectations of $45.20 million. Acme United had a return on equity of 23.79% and a net margin of 7.33%. On average, equities analysts anticipate that Acme United will post $1.75 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut Acme United from a “buy” rating to a “sell” rating in a research note on Tuesday, April 25th.

In related news, CEO Walter C. Johnsen sold 6,350 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $27.71, for a total transaction of $175,958.50. Following the transaction, the chief executive officer now directly owns 307,706 shares in the company, valued at $8,526,533.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian S. Olschan sold 3,010 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $28.07, for a total value of $84,490.70. Following the transaction, the chief operating officer now owns 40,263 shares in the company, valued at $1,130,182.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,890 shares of company stock valued at $330,624.

An institutional investor recently bought a new position in Acme United stock. Northern Trust Corp bought a new stake in Acme United Co. (NYSEMKT:ACU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 SEC filing.

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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 (NYSEMKT:ACU)

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