ACCO Brands Corporation Declares Quarterly Dividend

Rhea-AI Summary

ACCO Brands Corporation has declared a quarterly cash dividend of $0.075 per share, payable on December 12, 2022, to stockholders of record as of November 25, 2022. Since the initiation of the dividend in 2018, it has been a key part of the company's capital allocation strategy. The CEO noted that shareholders currently enjoy an annualized yield exceeding 6% on their investment, supported by robust free cash flow.

Positive

• Quarterly cash dividend of $0.075 per share announced.
• Shareholders receive an annualized yield of over 6%.
• Strong free cash flow supports dividend payment.

Negative

• None.

LAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO) today announced that its board of directors has declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on December 12, 2022, to stockholders of record as of the close of business on November 25, 2022.

“Since implementing the dividend in 2018, it has become an important part of our capital allocation strategy and the Company remains committed to supporting our quarterly dividend with our robust free cash flow. At the current stock price, on an annualized basis our shareholders are receiving over a 6% yield on their investment,” said Boris Elisman, Chairman and Chief Executive Officer of ACCO Brands.

About ACCO Brands Corporation

ACCO Brands, the Home of Great Brands Built by Great People, designs, manufactures and markets consumer and end-user products that help people work, learn, play and thrive. Our widely recognized brands include AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, Tilibra® and many others. More information about ACCO Brands Corporation (NYSE: ACCO) can be found at www.accobrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221107005943/en/

Chris McGinnis

Investor Relations

(847) 796-4320

Julie McEwan

Media Relations

(937) 495-5717

Source: ACCO Brands Corporation

FAQ

What is the dividend amount declared by ACCO?

ACCO Brands declared a dividend of $0.075 per share.

When will the ACCO dividend be paid?

The dividend will be paid on December 12, 2022.

What is the record date for ACCO's dividend?

The record date for the dividend is November 25, 2022.

What yield are ACCO shareholders currently receiving?

Shareholders are currently receiving an annualized yield of over 6%.

When did ACCO start paying dividends?

ACCO Brands started paying dividends in 2018.