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

ACCO Brands Co. (NYSE:ACCO) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Friday, May 17th will be given 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 dividend 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% annually over the last three years.

ACCO Brands Stock Performance

ACCO traded down $0.02 during trading on Friday, reaching $4.83. The company’s stock had a trading volume of 411,581 shares, compared to its average volume of 530,447. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. ACCO Brands has a 1 year low of $4.30 and a 1 year high of $6.62. The firm has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average 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 the consensus estimate of $0.33 by $0.06. The company had revenue of $488.60 million for the quarter, compared to analyst estimates of $476.37 million. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. ACCO Brands’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. As a group, analysts predict that ACCO Brands will post 1.07 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Barrington Research restated an “outperform” rating and issued a $7.50 price objective on shares of ACCO Brands in a report on Thursday, February 29th.

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.