CORRECTION -- Acme United Corporation Board Increases Cash Dividend 8 Percent to $0.13 Per Share
December 15 2020 - 5:48PM
In a release issued under the same headline earlier today, please
note that the second sentence of the first paragraph should say
that the dividend is payable on January 29, 2021 to stockholders of
record on the close of business on January 8, 2021. The corrected
release follows:
The Board of Directors of Acme United
Corporation (NYSE American: ACU) declared a cash dividend of 13
cents per share on its outstanding common stock. The dividend is
payable on January 29, 2021 to stockholders of record on the close
of business on January 8, 2021.
Walter C. Johnsen, Chairman and CEO, said, “This
is Acme United’s twelfth 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 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®, Pac-Kit®, Spill
Magic®, Westcott®, Clauss®, Camillus®, Cuda®, and DMT®. 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; (vii) increases in the cost of borrowings resulting
from rising interest rates; (viii) 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 (ix) 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
Corporation55 Walls DriveFairfield, CT 06824Phone: (203)
254-6060FAX: (203) 254-6521
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