ACCO Brands Corporation Declares Quarterly Dividend

Rhea-AI Summary

ACCO Brands Corporation (NYSE: ACCO) Declares Quarterly Cash Dividend of $0.075 per Share

Positive

• ACCO Brands Corporation has declared a quarterly cash dividend of $0.075 per share, showcasing its commitment to supporting shareholders through its capital allocation strategy and robust free cash flow.
• The dividend marks the 23rd quarterly cash dividend since the company began paying dividends in 2018, indicating a consistent and reliable dividend distribution pattern.
• Shareholders are set to receive an almost 5% yield on their investment at the current stock price on an annualized basis, reflecting a favorable return for investors.

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 September 12, 2023, to stockholders of record as of the close of business on August 22, 2023.

“This is the Company’s 23^rd quarterly cash dividend since it began paying dividends in 2018. The Company’s dividend has become an important part of our capital allocation strategy and we remain 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 an almost 5% 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/20230801405194/en/

Chris McGinnis

Investor Relations

(847) 796-4320

Lori Conley

Media Relations

(937) 495-4949

Source: ACCO Brands Corporation

FAQ

What is the quarterly cash dividend declared by ACCO Brands Corporation?

ACCO Brands Corporation has declared a quarterly cash dividend of $0.075 per share.

When will the dividend be paid to stockholders?

The dividend will be paid on September 12, 2023, to stockholders of record as of the close of business on August 22, 2023.

How does the current stock price impact the annualized yield for shareholders?

At the current stock price, shareholders are receiving an almost 5% yield on their investment on an annualized basis.