Norbord Inc (TSE:OSB) announced a quarterly dividend on Thursday, May 3rd, Zacks reports. Investors of record on Friday, June 1st will be given a dividend of 0.60 per share on Thursday, June 21st. This represents a $2.40 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, May 31st.
Norbord traded up C$0.19, reaching C$54.96, during midday trading on Thursday, MarketBeat reports. 185,500 shares of the company were exchanged, compared to its average volume of 324,543. Norbord has a 1 year low of C$38.70 and a 1 year high of C$58.92.
Norbord (TSE:OSB) last posted its quarterly earnings data on Thursday, May 3rd. The company reported C$1.39 EPS for the quarter, topping analysts’ consensus estimates of C$1.24 by C$0.15. The firm had revenue of C$728.14 million during the quarter. Norbord had a return on equity of 66.95% and a net margin of 26.85%.
A number of research firms recently commented on OSB. Scotiabank lifted their price objective on Norbord from C$55.00 to C$55.50 and gave the stock an “outperform” rating in a research report on Friday, May 4th. CIBC lifted their price objective on Norbord from C$53.00 to C$56.00 in a research report on Monday, May 7th. CSFB cut Norbord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 1st. Finally, Raymond James lifted their price objective on Norbord from C$65.00 to C$66.00 in a research report on Tuesday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$53.07.
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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