Acme United Corporation Board Increases Cash Dividend 7 Percent To $0.15 Per Share
December 13 2023 - 12:42PM
The Board of Directors of Acme United Corporation (NYSE American:
ACU) declared a cash dividend of 15 cents per share on its
outstanding common stock. The dividend is payable on January 26,
2024, to stockholders of record on the close of business on January
5, 2024.
Walter C. Johnsen, Chairman and CEO, said, “This
is Acme United’s fourteenth dividend increase since 2004. We are
optimistic about our future, and we are pleased to provide this
additional return to shareholders.”
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®, Spill Magic®,
Westcott®, Clauss®, DMT®, Med-Nap and Safety Made. For
more information, visit www.acmeunited.com.
Forward Looking Statements The
Company may from time to time make written or oral “forward-looking
statements” including statements contained in this report and in
other communications by the Company, which are made in good faith
pursuant to the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Such statements are based on our
beliefs as well as assumptions made by and information currently
available to us. When used in this document, words like “may,”
“might,” “will,” “except,” “anticipate,” “believe,” “potential,”
and similar expressions are intended to identify forward-looking
statements. Actual results could differ materially from our current
expectations.
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 that may impact the Company’s
business, operations and financial results.
These risks and uncertainties include, 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) the
continuing adverse impact of inflation, including product costs,
and interest rates; (iv) potential adverse effects on the Company,
its customers, and suppliers resulting from the wars in Ukraine and
the Middle East; (v) additional disruptions in the Company’s supply
chains, whether caused by pandemics, natural disasters, or
otherwise, including trucker shortages, port closures and delays,
and delays with container ships themselves; (vi) labor related
costs the Company has and may continue to incur, including costs of
acquiring and training new employees and rising wages and benefits;
(vii) currency fluctuations including, for example, the fluctuation
of the dollar against the euro; (viii) the Company’s ability to
effectively manage its inventory in a rapidly changing business
environment; (ix) changes in client needs and consumer spending
habits; (x) the impact of competition; (xi) the impact of
technological changes including, specifically, the growth of online
marketing and sales activity; (xii) the Company’s ability to manage
its growth effectively, including its ability to successfully
integrate any business it might acquire; (xiii) 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 (xiv) 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 |
1 Waterview Drive |
Shelton, CT 06484 |
|
|
Phone: (203)
254-6060 |
FAX: (203)
254-6521 |
|
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