ACCO Brands sets 25th consecutive quarterly cash dividend, price at $0.075 per share

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This marks the 25th consecutive quarterly cash dividend issued by the company since it initiated dividend payments in 2018. Tom Tedford, President and Chief Executive Officer of ACCO Brands, highlighted the dividend as a key element of the company’s capital allocation strategy. Tedford emphasized the company’s commitment to maintaining the dividend, supported by ACCO Brands’ strong free cash flow. Based on the current stock price, the annualized dividend yield stands at 5%.

ACCO Brands has a portfolio of well-known brands such as AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, Tilibra®, and others. The company’s products are designed to assist consumers in various activities including work, learning, and leisure.

The information is based on a press release statement from ACCO Brands Corporation.

ACCO Brands Corporation’s dedication to shareholder returns is further evidenced by its high shareholder yield, one of the key InvestingPro Tips for the company. The recent announcement of their 25th consecutive quarterly cash dividend aligns with this commitment and is underpinned by the company’s robust free cash flow—a point that is also highlighted in the InvestingPro Tips, with the valuation implying a strong free cash flow yield.

From a financial perspective, ACCO Brands is currently trading with a P/E Ratio of 11.04, which is notably lower than the adjusted P/E ratio for the last twelve months as of Q3 2023, standing at 9.49. This suggests that the company’s earnings relative to its share price are becoming more attractive. Additionally, the company’s dividend yield is substantial at 4.55%, rewarding investors with consistent income. The stock’s performance has been impressive, with a 3-month price total return of 27.47%, closely aligning with the InvestingPro Tip that notes a strong return over the last three months.

For those looking to delve deeper into ACCO’s financial health and future prospects, there are additional InvestingPro Tips available. With a total of 11 InvestingPro Tips, investors can gain a comprehensive understanding of ACCO Brands’ market position, including insights into net income growth expectations and stock price volatility. To access these insights and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

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