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

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) announced a quarterly dividend on Sunday, August 10th, 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) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 15th.

Onespan has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.6%

OSPN traded up $0.20 on Friday, reaching $12.91. 701,382 shares of the company traded hands, compared to its average volume of 389,260. Onespan has a one year low of $12.51 and a one year high of $20.36. The firm has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $16.16. The company has a market cap of $494.84 million, a P/E ratio of 8.55 and a beta of 1.12.

Wall Street Analysts Forecast Growth

OSPN has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Onespan from a "buy" rating to a "hold" rating in a report on Saturday. Rosenblatt Securities cut their target price on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday.

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.