Old Second Bancorp, Inc. (NASDAQ:OSBC) Announces Quarterly Dividend of $0.07

Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, July 31st will be paid a dividend of 0.07 per share by the financial services provider on Monday, August 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st.

Old Second Bancorp has raised its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Old Second Bancorp has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.4%.

Old Second Bancorp Trading Down 1.1%

Shares of OSBC stock traded down $0.26 during mid-day trading on Wednesday, reaching $23.42. 271,865 shares of the stock traded hands, compared to its average volume of 389,576. The stock’s fifty day simple moving average is $22.17 and its two-hundred day simple moving average is $21.00. Old Second Bancorp has a 1-year low of $16.42 and a 1-year high of $23.99. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 13.95 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.11.

Old Second Bancorp (NASDAQ:OSBC) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.03). The firm had revenue of $93.77 million during the quarter, compared to analyst estimates of $94.80 million. Old Second Bancorp had a net margin of 20.07% and a return on equity of 12.67%. On average, research analysts anticipate that Old Second Bancorp will post 2.15 EPS for the current fiscal year.

About Old Second Bancorp

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.