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

ACCO Brands Co. (NYSE:ACCO) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.075 per share by the industrial products company on Wednesday, March 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.80%.

ACCO Brands has raised its dividend payment by an average of 3.6% annually over the last three years. ACCO Brands has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ACCO Brands to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 26.5%.

ACCO Brands Stock Performance

NYSE ACCO opened at $5.18 on Friday. The company has a market cap of $480.65 million, a P/E ratio of -2.74, a PEG ratio of 0.38 and a beta of 1.68. The company has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $5.35. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands has a 12-month low of $4.36 and a 12-month high of $6.62.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACCO shares. Barrington Research lifted their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a report on Friday, November 22nd. StockNews.com downgraded ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th.

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.