ACCO Brands (NYSE:ACCO) Corporation, widely recognized for its consumer and end-user products under brands such as AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, and Tilibra®, has confirmed a quarterly cash dividend of $0.075 per share. The dividend will be disbursed on December 6, 2023, to shareholders recorded as of November 15, 2023. This marks the 24th consecutive quarterly dividend from ACCO since its inception in 2018.
The decision was confirmed by ACCO's CEO, Tom Tedford, who emphasized the significance of the dividend in the company's capital allocation strategy. The strategy is bolstered by a robust free cash flow and yields an approximately 6% annualized return for shareholders at the current stock price.
This dividend payout is a key component of ACCO's capital allocation strategy, which has been a consistent part of their operations since 2018. The strategy has been underpinned by robust free cash flow, demonstrating the company's commitment to providing sustained returns to its shareholders.
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