Acco Brands Corporation (NYSE:ACCO) will begin trading ex-dividend on November 23, 2020. The quarterly dividend payment of $ 0.065 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 3.47 percent. Shareholders who purchased ACCO shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Acco Brands Corporation recently reported third quarter financial results on October 27, 2020, after market close, the Lake Zurich based company unveiled income for the third quarter of $ 0.19 per share, from the revenue of $ 444.10 million. The quarterly earnings lowered 40.63 percent while revenues down 12.18 percent compared with the same quarter last year.
According to street consensus, ACCO was expected to report 3Q20 income of $ 0.15 per share from revenue of $ 410.33 million. The bottom line results beat street analysts by $ 0.04 or 26.67 percent, at the same time, top line results outshined analysts by $ 33.77 million or 8.23 percent.
Stock Performance
Shares of Acco Brands Corporation traded low $ -0.31 or -3.97 percent on Thursday, reaching $ 7.49 with volume of 725.90 thousand shares. Acco Brands Corporation has traded high as $ 7.83 and has cracked $ 7.38 on the downward trend
According to the previous trading day, closing price of $ 7.49, representing a 122.22 % increase from the 52 week low of $ 3.51 and a 31.46 % decrease over the 52 week high of $ 11.38.
The company has a market capital of $ 707.78 million and is part of the Consumer Goods sector and Office Supplies industry.
ACCO Brands Corporation designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
