News

Acme United Corporation Board Increases Cash Dividend 10 Percent to $0.11 Per Share

07/12/2017

July 10, 2017 at 12:21 PM EDT

FAIRFIELD, Conn., July 10, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Acme United Corporation (NYSE MKT:ACU) declared a cash dividend of 11 cents per share on its outstanding common stock.  The dividend is payable on August 3, 2017 to stockholders of record on the close of business on July 20, 2017.

Walter C. Johnsen, Chairman and CEO, said, “This is Acme United’s tenth dividend increase since 2004.  The Company continues to make good business progress and we are delighted to provide this additional return to shareholders. Our balance sheet is strong and we are confident in the business.”

ACME UNITED CORPORATIONis a leading worldwide supplier of innovative cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott®, Clauss®, Camillus®, CUDA®, PhysiciansCare ®,Pac-Kit®, First Aid Only®, DMT®  and Spill Magic®.  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; and (vii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

CONTACT:
Paul G. DriscollAcme United Corporation
Phone: (203) 254-6060

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