OSB Group Plc (LON:OSB) Announces Dividend Increase – GBX 22.90 Per Share

OSB Group Plc (LON:OSB) declared a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 22.90 ($0.30) per share on Tuesday, May 13th. This represents a dividend yield of 4.83%. The ex-dividend date is Thursday, March 27th. This is a 114.0% increase from OSB Group’s previous dividend of $10.70. The official announcement can be seen at this link.

OSB Group Stock Performance

Shares of OSB stock opened at GBX 454.40 ($5.87) on Tuesday. The stock has a fifty day simple moving average of GBX 420.28 and a two-hundred day simple moving average of GBX 398.37. OSB Group has a 52-week low of GBX 343.60 ($4.44) and a 52-week high of GBX 533.50 ($6.89). The firm has a market capitalization of £1.68 billion, a PE ratio of 4.53 and a beta of 1.41.

OSB Group (LON:OSB) last issued its earnings results on Friday, March 14th. The company reported GBX 82.20 ($1.06) earnings per share (EPS) for the quarter. OSB Group had a return on equity of 18.78% and a net margin of 27.26%. On average, sell-side analysts forecast that OSB Group will post 85.1214128 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andy Golding sold 27,324 shares of OSB Group stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of GBX 464 ($6.00), for a total transaction of £126,783.36 ($163,823.96). Also, insider Victoria Hyde sold 1,137 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of GBX 455 ($5.88), for a total value of £5,173.35 ($6,684.78). 0.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of OSB Group in a report on Friday, March 14th.

About OSB Group

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.