Acme United hikes dividend by 7.7%

On June 14, 2022, the Board of Directors of Acme United Corporation (ACU) declared a cash dividend of 14 cents per share on its outstanding common stock. The next ACU dividend is payable on July 22, 2022, to stockholders of record on the close of business on July 1, 2022. The dividend yield for ACU is 1.8% at a stock price of $30.38.

Walter C. Johnsen, Chairman and CEO, said, “This is Acme United’s thirteenth dividend increase since 2004. The Company continues to make good business progress and we are delighted to provide this additional return to shareholders. Our balance sheet is strong, and we are confident in the business.”

Acme United Corporation is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. ACE markets and sells its products under two main categories: first aid and safety, and cutting, sharpening and measuring.