Acme United Corporation Declares Cash Dividend of 15 Cents Per Share

Acme United Corporation announced a cash dividend of 15 cents per share, payable January 27, 2025.

Quiver AI Summary

Acme United Corporation's Board of Directors has announced a cash dividend of 15 cents per share, which will be payable on January 27, 2025, to shareholders on record as of January 6, 2025. The company is a prominent supplier of safety solutions and cutting technology across various markets, with established brands such as First Aid Only®, Westcott®, and Clauss®. The press release also includes a disclaimer regarding forward-looking statements, highlighting potential risks and uncertainties that could impact the company's performance, including economic conditions, inflation, supply chain disruptions, and changes in consumer behavior. For further information, interested parties are directed to visit the company’s website.

Potential Positives

• The Board of Directors declared a cash dividend of 15 cents per share, highlighting the company's commitment to returning value to shareholders.
• The dividend payout enhances investor confidence and may attract new investors looking for dividend-yielding stocks.
• Announcing the dividend reflects the company's financial health and operational performance, affirming its position as a leader in safety and cutting solutions.
• The specified payment date and record date provide clear communication, aiding stockholder planning and reinforcing transparency.

Potential Negatives

• The declaration of a cash dividend may indicate limited cash reserves available for reinvestment in growth opportunities, which could hinder future expansion or innovation efforts.
• The extensive list of potential risks and uncertainties highlighted in the forward-looking statements section could raise concerns among investors regarding the company's future stability and performance.
• The ongoing adverse impacts of inflation and geopolitical issues may affect the company's supply chain and cost structure, potentially leading to decreased margins and profitability.

FAQ

What is the cash dividend declared by Acme United Corporation?

Acme United Corporation declared a cash dividend of 15 cents per share on its outstanding common stock.

When will the dividend be payable?

The dividend will be payable on January 27, 2025, to stockholders of record on January 6, 2025.

What markets does Acme United Corporation serve?

Acme United Corporation serves the school, home, office, hardware, sporting goods, and industrial markets.

Which brands are associated with Acme United Corporation?

Acme United's brands include First Aid Only®, Westcott®, Clauss®, DMT®, Spill Magic®, and more.

Where can I find more information about Acme United Corporation?

More information can be found on Acme United's official website at www.acmeunited.com.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ACU Insider Trading Activity

$ACU insiders have traded $ACU stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $ACU stock by insiders over the last 6 months:

• PAUL G DRISCOLL (Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 3,000 shares.
• BRIAN S OLSCHAN (President and COO) sold 3,149 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ACU Hedge Fund Activity

We have seen 24 institutional investors add shares of $ACU stock to their portfolio, and 33 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• AE WEALTH MANAGEMENT LLC removed 40,000 shares (-100.0%) from their portfolio in Q3 2024
• POLAR ASSET MANAGEMENT PARTNERS INC. removed 33,645 shares (-21.1%) from their portfolio in Q3 2024
• SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 26,045 shares (-100.0%) from their portfolio in Q2 2024
• GOLDMAN SACHS GROUP INC removed 16,201 shares (-100.0%) from their portfolio in Q2 2024
• JANE STREET GROUP, LLC removed 15,654 shares (-100.0%) from their portfolio in Q2 2024
• CAPITAL MANAGEMENT CORP /VA added 15,385 shares (+2.9%) to their portfolio in Q3 2024
• MAN GROUP PLC removed 15,220 shares (-100.0%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

SHELTON, Conn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 15 cents per share on its outstanding common stock. The dividend is payable on January 27, 2025, to stockholders of record on the close of business on January 6, 2025.

ACME UNITED CORPORATION

is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include


First Aid Only


®,


First Aid Central


®,

Physicians

Care


®,

Spill Magic

®,

Westcott

®,

Clauss

®,

DMT

®,

Med-Nap

,


Safety Made


and


Elite


. For more information, visit


www.acmeunited.com


.

Forward Looking Statements



The Company may from time to time make written or oral “forward-looking statements” including statements contained in this report and in other communications by the Company, which are made in good faith pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our beliefs as well as assumptions made by and information currently available to us. When used in this document, words like “may,” “might,” “will,” “except,” “anticipate,” “believe,” “potential,” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from our current expectations.

Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that may impact the Company’s business, operations and financial results.

These risks and uncertainties include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, including the impact on the Company’s suppliers and customers; (iii) the continuing adverse impact of inflation, including product costs, and interest rates; (iv) potential adverse effects on the Company, its customers, and suppliers resulting from the wars in Ukraine and the Middle East; (v) additional disruptions in the Company’s supply chains, whether caused by pandemics, natural disasters, or otherwise, including trucker shortages, port closures and delays, and delays with container ships themselves; (vi) labor related costs the Company has and may continue to incur, including costs of acquiring and training new employees and rising wages and benefits; (vii) currency fluctuations including, for example, the fluctuation of the dollar against the euro; (viii) the Company’s ability to effectively manage its inventory in a rapidly changing business environment; (ix) changes in client needs and consumer spending habits; (x) the impact of competition; (xi) the impact of technological changes including, specifically, the growth of online marketing and sales activity; (xii) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (xiii) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (xiv) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.