Norbord Inc (OSB) to Issue Quarterly Dividend of C$0.10
Norbord Inc (TSE:OSB) announced a quarterly dividend on Tuesday, November 29th. Stockholders of record on Wednesday, December 21st will be paid a dividend of 0.10 per share on Wednesday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, November 29th.
Shares of Norbord (TSE:OSB) traded down 0.85% during mid-day trading on Monday, hitting $32.75. 170,153 shares of the stock traded hands. Norbord has a 12 month low of $19.44 and a 12 month high of $35.47. The stock has a market cap of $2.80 billion and a price-to-earnings ratio of 20.86. The firm has a 50 day moving average of $32.35 and a 200 day moving average of $30.36.
Several research firms have weighed in on OSB. Scotiabank set a C$37.75 target price on shares of Norbord and gave the stock an “outperform” rating in a research report on Monday, October 31st. Raymond James Financial Inc. boosted their target price on shares of Norbord from C$42.00 to C$46.00 in a research report on Thursday, October 20th. TD Securities set a C$32.00 price objective on shares of Norbord and gave the company a “hold” rating in a report on Monday, October 31st. RBC Capital Markets upped their price objective on shares of Norbord from C$38.00 to C$45.00 in a report on Thursday, October 20th. Finally, CIBC downgraded shares of Norbord from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$39.00 to C$35.00 in a report on Monday, October 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$39.82.
Norbord Company Profile
Norbord Inc is a manufacturer of wood-based panels. The Company is engaged in producing oriented strand board (OSB) with annual capacity of approximately eight billion square feet (Bsf) (3/8-inch basis). The Company’s geographic segments include North America and Europe. In North America, the Company owns approximately 10 OSB production facilities located in the Southern region of the United States, Western Canada, Quebec, Ontario and Minnesota.
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