Norbord Inc. (OSB) to Issue Quarterly Dividend of $0.08 on December 21st
Norbord Inc. (NYSE:OSB) announced a quarterly dividend on Friday, October 28th. Investors of record on Thursday, December 1st will be paid a dividend of 0.0753 per share on Wednesday, December 21st. This represents a $0.30 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 29th.
Shares of Norbord (NYSE:OSB) opened at 24.35 on Monday. The company’s 50 day moving average price is $24.26 and its 200 day moving average price is $23.21. Norbord has a 12 month low of $15.12 and a 12 month high of $26.75. The stock has a market capitalization of $2.08 billion and a PE ratio of 15.51.
OSB has been the topic of a number of research reports. TheStreet upgraded Norbord from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Zacks Investment Research downgraded Norbord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. BMO Capital Markets downgraded Norbord from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, CIBC restated a “sector perform” rating and set a $35.00 price target (down previously from $39.00) on shares of Norbord in a research note on Monday, October 24th.
Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new stake in Norbord during the third quarter worth $259,000. JPMorgan Chase & Co. bought a new stake in Norbord during the third quarter worth $224,000. Jane Street Group LLC boosted its stake in Norbord by 0.5% in the second quarter. Jane Street Group LLC now owns 14,910 shares of the company’s stock worth $294,000 after buying an additional 73 shares during the last quarter. Vertex One Asset Management Inc. boosted its stake in Norbord by 364.0% in the second quarter. Vertex One Asset Management Inc. now owns 58,255 shares of the company’s stock worth $1,133,000 after buying an additional 45,700 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Norbord during the second quarter worth $654,000. 25.77% of the stock is owned by institutional investors.
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