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

OSB Group Plc (LON:OSB) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Shareholders 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 accessed at this link.

OSB Group Stock Up 1.8 %

Shares of OSB stock opened at GBX 454.40 ($5.87) on Tuesday. 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 stock has a market cap of £1.68 billion, a PE ratio of 4.53 and a beta of 1.41. The business has a 50-day simple moving average of GBX 420.28 and a 200-day simple moving average of GBX 398.37.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, insider Andy Golding sold 27,324 shares of the stock in a transaction that occurred on 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 business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of GBX 455 ($5.88), for a total transaction of £5,173.35 ($6,684.78). Insiders own 0.85% of the company’s stock.

OSB Group Company Profile

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.