Acme United Corporation Board Approves Cash Dividend

Rhea-AI Summary

The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 12 cents per share on its outstanding common stock. The dividend payment date is set for October 22, 2020, with the record date on October 1, 2020. Acme United is a prominent supplier of safety solutions and cutting technology, catering to various markets with brands such as First Aid Only® and Westcott®. This dividend reflects the company's commitment to returning value to shareholders while maintaining a strong market presence.

Positive

• Declaration of a cash dividend of 12 cents per share.
• Dividend payment scheduled for October 22, 2020, demonstrating company confidence.
• Company maintains a diverse range of brands enhancing market position.

Negative

• None.

FAIRFIELD, Conn., Sept. 17, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 12 cents per share on its outstanding common stock.  The dividend is payable on October 22, 2020 to stockholders of record on the close of business on October 1, 2020.

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®, PhysiciansCare®, Pac-Kit®, Spill Magic®, Westcott®, Clauss®, Camillus®, Cuda®, and DMT®. For more information, visit www.acmeunited.com. 

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 including, 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) changes in client needs and consumer spending habits; (iv) the impact of competition and technological changes on the Company; (v) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (vi) currency fluctuations; (vii) increases in the cost of borrowings resulting from rising interest rates; (viii) 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 (ix) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

CONTACT:
Paul G. Driscoll
Acme United Corporation
55 Walls Drive
Fairfield, CT  06824
Phone: (203) 254-6060
FAX: (203) 254-6521

FAQ

What is the dividend amount declared by Acme United Corporation?

Acme United Corporation has declared a cash dividend of 12 cents per share.

When is the dividend payment date for ACU shareholders?

The dividend payment date for ACU shareholders is October 22, 2020.

What is the record date for the dividend payment by Acme United?

The record date for the dividend payment is October 1, 2020.

How does the dividend declaration impact ACU shareholders?

The dividend declaration indicates that the company is returning value to its shareholders, reflecting its financial strength.