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|ACCO Brands Corporation Announces Initiation Of Quarterly Dividend|
"The decision by the board to initiate a dividend represents a meaningful milestone in our history and demonstrates confidence in our strong operating performance, significant free cash flow generation and positive long-term financial outlook," said
The company also announced that its board of directors approved an authorization to repurchase up to an additional
The declaration and payment of future dividends will be at the discretion of the board of directors and will be dependent upon, among other things, the company's financial position, results of operations, cash flow and other factors. Stock repurchases remain subject to market conditions and other considerations and may be commenced or suspended at any time or from time to time, without prior notice.
Statements contained in this press release, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, operating strategies and similar matters are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which are generally identifiable by the use of the words "will," "believe," "expect," "intend," "anticipate," "estimate," "forecast," "project," "plan," and similar expressions, are subject to certain risks and uncertainties, are made as of the date hereof, and we undertake no duty or obligation to update them. Because actual results may differ materially from those suggested or implied by such forward-looking statements, you should not place undue reliance on them when deciding whether to buy, sell or hold the company's securities.
Detailed information concerning the important factors that could cause actual results to differ materially from our forward looking statements is readily available in our publicly filed quarterly, annual and other reports, including in "Part I, Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended
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Rich Nelson, Media Relations, (847) 796-4059 or Jennifer Rice, Investor Relations, (847) 796-4320