The Board of Directors of Acme United Corporation (AMEX:ACU) declared a cash dividend of 5 cents per share on its outstanding common stock. This represents an increase of 25 percent over each of the previous six quarterly dividends. The dividend is payable on November 10, 2008 to stockholders of record on the close of business on October 20, 2008.
Walter C. Johnsen, President and CEO said, “I am pleased to announce the increased quarterly dividend. Our business continues to perform well and we expect to generate strong cash flow and solid earnings. Acme United also continues to look for potential acquisitions and views this time as one of opportunity.”
ACME UNITED CORPORATION is a specialized supplier of cutting devices, measuring instruments, and safety products for school, home, industrial and office use. Its leading brands include Westcott®, Clauss®, and PhysiciansCare ®.
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) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
Contacts:
60 Round Hill Road
Fairfield, CT 06824
Paul
G. Driscoll
Phone: 203-254-6060
FAX: 203-254-6521
