ONEX (OTCMKTS:ONEXF) Hits New 52-Week High - Here's What Happened

Key Points

• ONEX Corporation reached a new 52-week high, trading at $88.33 with a closing price of $88.09 and a volume of 3,561 shares.
• The company announced an increase in its dividend, now at $0.0718 per share, up from the previous $0.07, reflecting a dividend yield of 35.0%.
• TD Securities has restated a "buy" rating for ONEX, contributing to an overall average rating of "Buy" from analysts.

ONEX Corporation (OTCMKTS:ONEXF - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $88.33 and last traded at $88.09, with a volume of 3561 shares traded. The stock had previously closed at $87.60.

Analyst Ratings Changes

Separately, TD Securities reiterated a "buy" rating on shares of ONEX in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".

ONEX Price Performance

The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 12.03 and a beta of 1.35. The stock has a 50-day moving average of $83.58 and a 200-day moving average of $76.20.

ONEX (OTCMKTS:ONEXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $3.30 earnings per share (EPS) for the quarter. ONEX had a return on equity of 6.12% and a net margin of 61.92%.The business had revenue of $325.00 million for the quarter.

ONEX Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.0718 dividend. This represents a dividend yield of 35.0%. The ex-dividend date was Thursday, July 10th. This is a positive change from ONEX's previous dividend of $0.07. ONEX's dividend payout ratio is currently 3.96%.

About ONEX

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.