OSB Group Plc (OSB) To Go Ex-Dividend on March 27th

OSB Group Plc (LON:OSB) declared a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 22.90 ($0.30) per share on Tuesday, May 13th. This represents a dividend yield of 4.83%. The ex-dividend date is Thursday, March 27th. This is a 114.0% increase from OSB Group’s previous dividend of $10.70. The official announcement can be seen at this link.

OSB Group Price Performance

Shares of LON OSB traded up GBX 8.20 ($0.11) during mid-day trading on Tuesday, reaching GBX 454.40 ($5.87). 346,440 shares of the company’s stock were exchanged, compared to its average volume of 1,703,914. OSB Group has a 52 week low of GBX 343.60 ($4.44) and a 52 week high of GBX 533.50 ($6.89). The firm has a 50-day moving average price of GBX 420.28 and a two-hundred day moving average price of GBX 398.37. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 4.53 and a beta of 1.41.

OSB Group (LON:OSB) last posted its quarterly earnings results on Friday, March 14th. The company reported GBX 82.20 ($1.06) earnings per share (EPS) for the quarter. OSB Group had a net margin of 27.26% and a return on equity of 18.78%. As a group, sell-side analysts forecast that OSB Group will post 85.1214128 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andy Golding sold 27,324 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of GBX 464 ($6.00), for a total value of £126,783.36 ($163,823.96). Also, insider Victoria Hyde sold 1,137 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of GBX 455 ($5.88), for a total value of £5,173.35 ($6,684.78). Company insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of OSB Group in a research report on Friday, March 14th.

About OSB Group

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.