Onespan Inc (NASDAQ:OSPN) to Issue Quarterly Dividend of $0.13

Onespan Inc (NASDAQ:OSPN) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.13 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, March 13th. This is a 8.3% increase from Onespan’s previous quarterly dividend of $0.12.

Onespan has a payout ratio of 33.3% indicating that 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 3.6%

OSPN stock traded down $0.42 during mid-day trading on Friday, reaching $10.96. The company’s stock had a trading volume of 266,631 shares, compared to its average volume of 589,615. The company’s 50 day moving average is $11.99 and its two-hundred day moving average is $13.42. Onespan has a fifty-two week low of $10.17 and a fifty-two week high of $18.13. The stock has a market cap of $416.59 million, a PE ratio of 7.45, a P/E/G ratio of 0.87 and a beta of 1.53.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Onespan had a return on equity of 18.41% and a net margin of 24.08%.The business had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. On average, analysts forecast that Onespan will post 1.11 earnings per share for the current fiscal year.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.