Old Second Bancorp, Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:OSBC)

Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be paid a dividend of 0.07 per share by the financial services provider on Monday, February 9th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, January 30th.

Old Second Bancorp has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Old Second Bancorp has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.1%.

Old Second Bancorp Price Performance

Shares of NASDAQ OSBC traded up $1.10 during mid-day trading on Wednesday, hitting $21.47. 559,584 shares of the company’s stock traded hands, compared to its average volume of 357,084. The company’s 50-day moving average is $19.64 and its two-hundred day moving average is $18.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.13 billion, a P/E ratio of 14.22 and a beta of 0.82. Old Second Bancorp has a 1 year low of $14.14 and a 1 year high of $21.51.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Old Second Bancorp had a return on equity of 12.34% and a net margin of 18.89%. On average, equities analysts anticipate that Old Second Bancorp will post 1.86 EPS for the current fiscal year.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.