Onespan Inc to Issue Quarterly Dividend of $0.12 (NASDAQ:OSPN)

Key Points

• Onespan Inc declared a quarterly dividend of $0.12 per share, which will be paid on September 5th to investors on record as of August 15th.
• The company's dividend yield stands at 3.5%, with a payout ratio of 33.3%, indicating it is well-covered by earnings.
• Onespan's stock recently traded down 3.0% to $13.89, with a market capitalization of $531.01 million.

Onespan Inc (NASDAQ:OSPN - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.12 per share on Friday, September 5th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th.

Onespan has a payout ratio of 33.3% meaning 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 Trading Down 3.0%

NASDAQ:OSPN traded down $0.43 during mid-day trading on Wednesday, hitting $13.89. The company had a trading volume of 574,679 shares, compared to its average volume of 407,221. The business has a fifty day simple moving average of $15.94 and a 200-day simple moving average of $16.31. Onespan has a 1 year low of $12.78 and a 1 year high of $20.36. The firm has a market capitalization of $531.01 million, a price-to-earnings ratio of 9.45 and a beta of 1.12.

Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.

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