Onespan Inc (OSPN) to Issue Quarterly Dividend of $0.13 on June 4th

Onespan Inc (NASDAQ:OSPN) declared a quarterly dividend on Thursday, April 30th. Investors 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 dividend yield of 4.5%. The ex-dividend date is Thursday, May 14th.

Onespan has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of NASDAQ:OSPN opened at $11.54 on Friday. The firm has a fifty day moving average price of $10.90 and a 200 day moving average price of $12.09. Onespan has a fifty-two week low of $10.07 and a fifty-two week high of $18.13. The firm has a market cap of $427.80 million, a price-to-earnings ratio of 6.14, a P/E/G ratio of 1.06 and a beta of 1.47.

Onespan (NASDAQ:OSPN) last issued its earnings results on Thursday, April 30th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Onespan had a net margin of 28.47% and a return on equity of 18.41%. The firm had revenue of $65.95 million during the quarter, compared to analyst estimates of $62.40 million. As a group, research analysts predict that Onespan will post 1 earnings per share for the current 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.