OneSpaWorld Holdings Limited (NASDAQ:OSW) Announces $0.04 Quarterly Dividend

Key Points

• OneSpaWorld Holdings Limited has declared a quarterly dividend of $0.04 per share, set to be distributed on September 3rd to investors of record on August 20th, representing an annualized yield of 0.7%.
• The company exhibits a healthy payout ratio of 14.5%, indicating that its dividend is well covered by earnings, with expectations of earning $1.06 per share next year.
• Institutional investors own 95.98% of OneSpaWorld's stock, with several firms increasing their positions significantly in the latest quarter.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) declared a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Wednesday, August 20th will be given a dividend of 0.04 per share on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, August 20th.

OneSpaWorld has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OneSpaWorld to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 15.1%.

OneSpaWorld Stock Performance

OneSpaWorld stock traded up $0.27 during mid-day trading on Monday, reaching $22.06. The company's stock had a trading volume of 54,019 shares, compared to its average volume of 802,082. OneSpaWorld has a twelve month low of $14.21 and a twelve month high of $23.17. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 32.45 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $20.45 and a 200-day moving average price of $19.30.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. OneSpaWorld had a return on equity of 15.98% and a net margin of 7.74%. The business had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts predict that OneSpaWorld will post 0.9 EPS for the current fiscal year.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.