Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 20

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 5
Chunk 20
---
645,698

    December 1, 2024 to December 31, 2024

    —

    —

    —

    90,645,698

    Total

    478,836

    $
    5.29

    478,836

    $
    90,645,698

(1)Remaining value of shares available to be repurchased out of a $100 million share repurchase authorization made by the Board of Directors on August 7, 2019. 

During the year ended December 31, 2024, we repurchased 2.9 million of our common stock in the open market.

The number of shares to be purchased, if any, and the timing of purchases will be based on the Company's stock price, leverage ratios, cash balances, general business and market conditions, and other factors, including alternative investment opportunities and working capital needs. The Company may repurchase its shares, from time to time, through a variety of methods, including open-market purchases, privately negotiated transactions and block trades or pursuant to repurchase plans designed to comply with the Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Any stock repurchases will be subject to market conditions, SEC regulations and other considerations, and may be commenced or suspended at any time or from time to time, without prior notice. Accordingly, there is no guarantee as to the number of shares that will be repurchased or the timing of such repurchases.

Dividends

Dividend information for each quarter for the years ended December 31, 2024, 2023 and 2022 is summarized below:

    2024

    2023

    2022

    First quarter
     
    $
    0.075

    $
    0.075

    $
    0.075

    Second quarter

    0.075

    0.075

    0.075

    Third quarter

    0.075

    0.075

    0.075

    Fourth quarter

    0.075

    0.075

    0.075

    Total
     
    $
    0.300

    $
    0.300

    $
    0.300

The continued declaration and payment of dividends is at the discretion of the Board of Directors and will be dependent upon, among other things, the Company's financial position