Old Second Bancorp, Inc. (NASDAQ:OSBC) Announces $0.07 Quarterly Dividend

Key Points

• Old Second Bancorp, Inc. has announced a quarterly dividend of $0.07 per share, with a dividend yield of 1.6%, payable to shareholders on November 10th.
• The company reported a payout ratio of 11.7%, indicating that its dividend is well-supported by earnings.
• Old Second Bancorp's stock is currently trading at $18.04, with an annual low of $14.14 and a high of $19.46 over the past year.

Old Second Bancorp, Inc. (NASDAQ:OSBC - Get Free Report) announced a quarterly dividend on Tuesday, October 21st. Shareholders of record on Friday, October 31st will be paid a dividend of 0.07 per share by the financial services provider on Monday, November 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 31st.

Old Second Bancorp has a payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.9%.

Old Second Bancorp Stock Performance

Old Second Bancorp stock traded down $0.04 on Wednesday, hitting $18.04. The company's stock had a trading volume of 331,694 shares, compared to its average volume of 242,155. Old Second Bancorp has a one year low of $14.14 and a one year high of $19.46. The firm has a market cap of $949.91 million, a P/E ratio of 9.87 and a beta of 0.80. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $17.84 and a 200-day moving average price of $17.20.

Old Second Bancorp (NASDAQ:OSBC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $75.13 million during the quarter, compared to the consensus estimate of $63.58 million. Old Second Bancorp had a net margin of 24.38% and a return on equity of 12.53%. On average, equities analysts anticipate that Old Second Bancorp will post 1.86 earnings per share for the current year.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc operates as the bank holding company for Old Second National Bank that provides community banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificates of deposit accounts. The company also provides commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking.

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