OneSpaWorld Holdings Limited (NASDAQ:OSW) to Issue $0.04 Quarterly Dividend

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Wednesday, March 12th will be given a dividend of 0.04 per share on Wednesday, March 26th. This represents a $0.16 annualized dividend and a yield of 0.84%.

OneSpaWorld has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OneSpaWorld to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 15.1%.

OneSpaWorld Stock Performance

Shares of NASDAQ OSW traded up $0.16 during trading on Tuesday, reaching $18.99. 968,887 shares of the company traded hands, compared to its average volume of 714,350. The firm has a 50 day simple moving average of $20.44 and a 200-day simple moving average of $18.39. OneSpaWorld has a 52-week low of $11.98 and a 52-week high of $23.01. The stock has a market capitalization of $1.97 billion, a PE ratio of 27.13 and a beta of 2.10. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Truist Financial lifted their price objective on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the completion of the transaction, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.