OSB Group Plc (OSB) to Issue Dividend of GBX 22.90 on May 13th

OSB Group Plc (LON:OSB) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 22.90 ($0.30) per share on Tuesday, May 13th. This represents a 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 Trading Up 1.8 %

Shares of OSB opened at GBX 454.40 ($5.87) on Tuesday. OSB Group has a 12-month low of GBX 343.60 ($4.44) and a 12-month high of GBX 533.50 ($6.89). The company has a 50-day moving average of GBX 420.28 and a two-hundred day moving average of GBX 398.37. The stock has a market cap of £1.68 billion, a P/E ratio of 4.53 and a beta of 1.41.

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

Insider Buying and Selling

In related news, insider Andy Golding sold 27,324 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were 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 OSB Group 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). Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of OSB Group in a research note 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.