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 common stock. This dividend is payable on July 23, 2020, to stockholders of record by the close of business on July 2, 2020.

Acme United Corporation specializes in innovative safety solutions and cutting technology across various markets, including home, office, and industrial sectors. Their notable brands include First Aid Only®, PhysiciansCare®, and Westcott®.

Positive

• Declared cash dividend of 12 cents per share, reflecting financial health and shareholder return.

Negative

• None.

FAIRFIELD, Conn., June 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 July 23, 2020 to stockholders of record on the close of business on July 2, 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 for ACU?

The dividend amount declared is 12 cents per share.

When will the dividend be paid to ACU stockholders?

The dividend will be paid on July 23, 2020.

What is the record date for the dividend payment for ACU?

The record date for the dividend payment is July 2, 2020.

What sectors does Acme United Corporation serve?

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