Onespan Inc (NASDAQ:OSPN) Announces $0.13 Quarterly Dividend

Key Points

• Onespan announced a quarterly dividend of $0.13 per share, payable June 4 to shareholders of record on May 14, representing an annualized $0.52 and a yield of 4.7%.
• The dividend is well covered: Onespan's payout ratio is 36.1%, and analysts expect $1.08 EPS next year, implying a future payout ratio of about 48% and continued ability to fund the payout.
• Onespan beat the quarter with $0.36 EPS and $62.92M revenue, but the stock is down ~4%, trading around $11.12 with a market cap of $412M and a P/E near 6.0.

Onespan Inc (NASDAQ:OSPN - Get Free Report) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.13 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, May 14th.

Onespan has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Onespan to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 48.1%.

Onespan Stock Down 4.0%

Onespan stock opened at $11.12 on Friday. The stock has a 50-day moving average price of $10.90 and a 200 day moving average price of $12.09. The company has a market capitalization of $412.11 million, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51. Onespan has a 52 week low of $10.07 and a 52 week high of $18.13.

Onespan (NASDAQ:OSPN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a net margin of 29.98% and a return on equity of 19.58%. The company had revenue of $62.92 million for the quarter, compared to the consensus estimate of $59.78 million. Research analysts anticipate that Onespan will post 1 EPS for the current fiscal year.

About Onespan

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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