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NEW YORK - Acme United Corporation (NYSE American: ACU) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of 16 cents per share on its outstanding common stock.
The dividend will be payable on July 24, 2025, to stockholders of record at the close of business on July 3, 2025, according to a press release from the company.
Walter C. Johnsen, Chairman and CEO of Acme United, noted this marks the company’s fifteenth dividend increase since 2004.
Acme United describes itself as a supplier of safety solutions and cutting technology to various markets including school, home, office, hardware, sporting goods, and industrial sectors. The company’s brand portfolio includes First Aid Only, First Aid Central, PhysiciansCare, Spill Magic, Westcott, Clauss, DMT, Med-Nap, Safety Made, and Elite.
The company faces various market challenges including global economic uncertainties, international trade policies, inflation, supply chain disruptions, and labor costs, according to information provided in the press release statement.
Acme United Corporation is headquartered in Shelton, Connecticut.
In other recent news, Acme United Corporation reported its first-quarter 2025 financial results, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.41, falling short of the expected $0.52, and revenue of $45.96 million, below the forecasted $46.98 million. Despite the shortfall, Acme United’s net sales grew by 2% year-over-year to $46 million, with net income rising to $1.7 million from $1.6 million in the previous year. The first aid business experienced significant growth of 14%, contributing to the overall performance. Acme United remains cautious in offering specific guidance due to ongoing tariff uncertainties but expects its first aid business to grow by 8-12%. The company is also exploring potential acquisitions to strengthen its market position. Analysts noted the company’s strategic focus on leveraging domestic manufacturing capabilities and its robust sourcing network to manage supply chain disruptions.
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