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

ACCO Brands Co. (NYSE:ACCO) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders 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 annualized dividend and a yield of 6.21%. The ex-dividend date is Thursday, May 16th.

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

ACCO Brands Stock Performance

Shares of ACCO stock traded down $0.02 during mid-day trading on Friday, hitting $4.83. The stock had a trading volume of 411,581 shares, compared to its average volume of 530,447. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.62. The firm’s 50-day moving average is $5.44 and its two-hundred day moving average is $5.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.58 and a quick ratio of 0.97.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACCO. StockNews.com cut ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. Barrington Research restated an “outperform” rating and set a $7.50 price objective on shares of ACCO Brands in a research note on Thursday, February 29th.

ACCO Brands Company Profile

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.