OneSpaWorld Holdings Limited (NASDAQ:OSW) to Issue Dividend Increase - $0.06 Per Share

Key Points

• OneSpaWorld increased its quarterly dividend by 25% to $0.0625 per share, payable December 2 to shareholders of record November 18. The annualized dividend is $0.25, representing a 0.9% yield.
• The dividend appears well covered, with an 18.2% payout ratio and analysts expecting a future payout ratio of approximately 16.7% based on projected earnings.
• OneSpaWorld exceeded quarterly expectations, reporting $0.34 in EPS and $276.53 million in revenue, up 7% year over year. Shares opened at $28.07, near their 52-week high of $29.25.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 18th will be given a dividend of $0.0625 per share on Wednesday, December 2nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a 25.0% increase from OneSpaWorld's previous quarterly dividend of $0.05.

OneSpaWorld has increased its dividend by an average of 0.2% annually over the last three years. OneSpaWorld has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OneSpaWorld to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.7%.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $28.07 on Thursday. The business's 50 day moving average price is $23.64 and its 200 day moving average price is $23.79. The firm has a market cap of $2.85 billion, a P/E ratio of 35.53 and a beta of 0.90. OneSpaWorld has a 52 week low of $19.06 and a 52 week high of $29.25. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The company had revenue of $276.53 million for the quarter, compared to the consensus estimate of $272.34 million. During the same quarter in the prior year, the company earned $0.29 EPS. OneSpaWorld's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that OneSpaWorld will post 1.05 earnings per share for the current year.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited NASDAQ: OSW provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.

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