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

Onespan Inc (NASDAQ:OSPN) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.13 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th.

Onespan has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research 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 $16.30 on Thursday. The firm has a market cap of $604.29 million, a price-to-earnings ratio of 9.16, a PEG ratio of 1.44 and a beta of 1.53. The firm has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $12.54. Onespan has a one year low of $10.07 and a one year high of $18.48.

Onespan (NASDAQ:OSPN) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. The firm had revenue of $60.47 million for the quarter, compared to the consensus estimate of $58.25 million. Onespan had a net margin of 27.76% and a return on equity of 17.12%. Equities analysts predict that Onespan will post 1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OSPN shares. DA Davidson upped their price objective on Onespan from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Onespan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research upgraded Onespan from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Rosenblatt Securities lifted their price objective on Onespan from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.00.

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.