Acme United Corporation Board Increases Cash Dividend From $0.14 To $0.15 Per Share
Portfolio Pulse from Benzinga Newsdesk
Acme United Corporation (NYSE:ACU) has announced an increase in its quarterly cash dividend from $0.14 to $0.15 per share, marking the fourteenth increase since 2004. The dividend is scheduled to be paid on January 26, 2024, to shareholders of record as of January 5, 2024. Chairman and CEO Walter C. Johnsen expressed optimism about the company's future and a commitment to delivering shareholder returns.
December 13, 2023 | 5:46 pm
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Acme United Corporation has raised its quarterly dividend to $0.15 per share, indicating a positive outlook and a stable financial position to support increased shareholder returns.
Dividend increases are typically seen as a sign of a company's good financial health and management's confidence in its future earnings. This can often lead to a positive short-term impact on the stock price as it may attract income-focused investors and signal a commitment to returning value to shareholders.
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