Onespan Inc (NASDAQ:OSPN) Increases Dividend to $0.13 Per Share

Onespan Inc (NASDAQ:OSPNGet Free Report) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.13 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, March 13th. This is a 8.3% increase from Onespan’s previous quarterly dividend of $0.12.

Onespan has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Onespan to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 38.7%.

Onespan Stock Down 3.3%

Shares of Onespan stock traded down $0.37 on Friday, hitting $11.00. The stock had a trading volume of 219,254 shares, compared to its average volume of 588,023. The stock has a market cap of $418.26 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.53. Onespan has a twelve month low of $10.17 and a twelve month high of $18.13. The business’s 50 day moving average is $11.99 and its two-hundred day moving average is $13.42.

Onespan (NASDAQ:OSPNGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The company had revenue of $62.92 million for the quarter, compared to analysts’ expectations of $59.78 million. As a group, equities analysts predict that Onespan will post 1.11 earnings per share for the current fiscal year.

About Onespan

(Get Free Report)

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.

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Dividend History for Onespan (NASDAQ:OSPN)

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