OneSpan Inc. (OSPN) To Go Ex-Dividend on May 16th

OneSpan Inc. (NASDAQ:OSPN) declared a quarterly dividend on Tuesday, May 13th, Wall Street Journal reports. Investors of record on Friday, May 16th will be paid a dividend of 0.12 per share on Friday, June 6th. This represents a $0.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, May 16th.

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 Stock Performance

Shares of NASDAQ:OSPN opened at $16.44 on Wednesday. The company’s 50-day moving average is $15.23 and its 200 day moving average is $17.16. OneSpan has a fifty-two week low of $12.14 and a fifty-two week high of $20.37. The company has a market capitalization of $628.50 million, a P/E ratio of 22.22 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com cut shares of OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of OneSpan in a research note on Friday, May 2nd.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.