Onespan Inc (NASDAQ:OSPN) Plans $0.13 Quarterly Dividend

Onespan Inc (NASDAQ:OSPN) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.13 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, May 14th.

Onespan has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Onespan to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 48.1%.

Onespan Stock Down 4.2%

Shares of OSPN traded down $0.49 during mid-day trading on Friday, reaching $11.09. The company’s stock had a trading volume of 92,675 shares, compared to its average volume of 619,330. The business has a fifty day moving average of $10.90 and a 200 day moving average of $12.09. The company has a market cap of $411.22 million, a price-to-earnings ratio of 5.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51. Onespan has a 1 year low of $10.07 and a 1 year high of $18.13.

Onespan (NASDAQ:OSPN) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. Onespan had a return on equity of 19.58% and a net margin of 29.98%.The business had revenue of $62.92 million during the quarter, compared to analyst estimates of $59.78 million. On average, analysts predict that Onespan will post 1 earnings per share for the current year.

Analyst Upgrades and Downgrades

OSPN has been the topic of several research analyst reports. DA Davidson lowered their price target on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Weiss Ratings downgraded Onespan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Wall Street Zen raised Onespan from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Zacks Research downgraded Onespan from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.67.

Onespan Company Profile

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.