ACCO Brands Corporation Declares Quarterly Dividend

Rhea-AI Summary

ACCO Brands Corporation (NYSE: ACCO) has announced a quarterly cash dividend of $0.075 per share, payable on April 5, 2023, to stockholders of record by March 10, 2023. This marks the company's 21st quarterly cash dividend since 2018, highlighting its commitment to returning value to shareholders through robust free cash flow. The current annualized yield exceeds 5%, reaffirming ACCO's capital allocation strategy. CEO Boris Elisman emphasized the importance of the dividend in enhancing shareholder confidence and investment appeal.

Positive

• Quarterly cash dividend of $0.075 per share announced.
• 21st quarterly cash dividend since 2018, indicating a stable dividend policy.
• Over 5% annualized yield for shareholders based on current stock price.

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 April 5, 2023, to stockholders of record as of the close of business on March 10, 2023.

“The dividend is the Company’s 21^st quarterly cash dividend, since being implemented in 2018. The Company remains committed to supporting our quarterly dividend with our robust free cash flow and it has become an important part of our capital allocation strategy. At the current stock price, on an annualized basis our shareholders are receiving more than a 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/20230217005071/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 Corporation declared a quarterly cash dividend of $0.075 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 5, 2023.

What is the record date for ACCO's dividend payment?

The record date for the dividend payment is March 10, 2023.

How many quarterly dividends has ACCO paid since 2018?

ACCO has paid 21 quarterly dividends since the program was implemented in 2018.

What is ACCO's annualized dividend yield?

The annualized dividend yield exceeds 5% based on the current stock price.