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. Shareholders of record on Thursday, May 14th will be given a dividend of 0.13 per share on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, May 14th.

Onespan has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Onespan to earn $1.11 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 46.8%.

Onespan Stock Performance

NASDAQ OSPN opened at $11.84 on Tuesday. The stock has a market capitalization of $438.91 million, a P/E ratio of 6.54, a P/E/G ratio of 1.12 and a beta of 1.47. Onespan has a 1 year low of $10.07 and a 1 year high of $18.13. The business’s fifty day moving average is $10.99 and its two-hundred day moving average is $11.92.

Onespan (NASDAQ:OSPN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $65.95 million for the quarter, compared to analysts’ expectations of $62.40 million. Onespan had a return on equity of 18.03% and a net margin of 28.47%. On average, research analysts forecast that Onespan will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OSPN shares. Weiss Ratings cut Onespan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. DA Davidson dropped their price target on Onespan from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research raised Onespan from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.67.

Onespan Company Profile

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.