ACCO Brands Co. Declares Quarterly Dividend of $0.08 (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO) announced a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, June 12th. This represents a $0.30 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Thursday, May 16th.

ACCO Brands has raised its dividend by an average of 4.9% annually over the last three years.

ACCO Brands Trading Down 0.4 %

ACCO stock traded down $0.02 during mid-day trading on Friday, reaching $4.83. 411,581 shares of the company traded hands, compared to its average volume of 530,447. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12. ACCO Brands has a 52-week low of $4.30 and a 52-week high of $6.62. The company has a fifty day moving average price of $5.44 and a 200-day moving average price of $5.57.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, analysts anticipate that ACCO Brands will post 1.07 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ACCO. Barrington Research reissued an “outperform” rating and set a $7.50 price objective on shares of ACCO Brands in a report on Thursday, February 29th. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.