Published on 18 May 2024 on Simply Wall St. · via Yahoo Finance

Dividend Investors: Don't Be Too Quick To Buy ACCO Brands Corporation...

ACCO Brands Corporation (NYSE:ACCO) is about to trade ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase ACCO Brands' shares before the 16th of May in order to be eligible for the dividend, which will be paid on the 12th of June.

The company's upcoming dividend is US$0.075 a share, following on from the last 12 months, when the company distributed a total of US$0.30 per share to shareholders. Last year's total dividend payments show that ACCO Brands has a trailing yield of 5.8% on the current share price of US$5.14. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether ACCO Brands can afford its dividend, and if the dividend could grow.