Acushnet Boosts Dividend to 26¢, Maintains 0.9% Yield with Sixth Increase
Acushnet declared a 26¢ per share dividend payable March 20, marking its sixth increase in five years and reflecting a 28% payout ratio. The announcement comes as the company holds a Zacks Rank #3 and yields 0.9%, underscoring stable cash returns as investors rotate into dividend-paying industrial growth stocks.
1. Dividend Details
On Feb. 26 Acushnet declared a 26¢ per share dividend payable March 20, yielding 0.9% and reflecting a 28% payout ratio.
2. Dividend Growth and Zacks Ranking
This marks the sixth dividend increase over five years and coincides with a Zacks Rank #3 hold rating, indicating a neutral outlook on growth potential.
3. Company Profile
Acushnet, based in Fairhaven, MA, designs, develops, manufactures and distributes golf equipment across North America, Europe, Asia and other global markets.
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