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

Onespan Inc (NASDAQ:OSPN) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.13 per share on Friday, December 4th. This represents a $0.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 13th.

Onespan has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Onespan to earn $1.07 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 48.6%.

Onespan Price Performance

Shares of OSPN stock traded up $5.51 during trading hours on Friday, hitting $25.66. 3,758,760 shares of the company’s stock were exchanged, compared to its average volume of 571,950. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $27.45. The firm has a market cap of $945.62 million, a P/E ratio of 14.42, a P/E/G ratio of 1.74 and a beta of 1.59. The firm has a 50 day moving average of $17.61 and a two-hundred day moving average of $14.00.

Onespan (NASDAQ:OSPN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Onespan had a net margin of 27.76% and a return on equity of 16.91%. The company had revenue of $63.89 million during the quarter, compared to the consensus estimate of $57.43 million. Sell-side analysts forecast that Onespan will post 1.05 EPS for the current year.

Onespan Company Profile

OneSpan Inc (NASDAQ: OSPN) provides digital identity, authentication and electronic signature solutions for organizations that need to secure online transactions and interactions. Its technology is designed to help businesses verify users, protect accounts and transactions, and meet security and compliance requirements across digital channels.

The company’s offerings include DIGIPASS authentication products, mobile and hardware authenticators, transaction-signing tools, adaptive authentication and identity verification capabilities.