OSB Group Plc (LON:OSB) to Issue Dividend Increase – GBX 33.50 Per Share

OSB Group Plc (LON:OSB – Get Rating) declared a dividend on Thursday, March 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 23rd will be paid a dividend of GBX 33.50 ($0.41) per share on Wednesday, May 17th. This represents a yield of 7.05%. The ex-dividend date is Thursday, March 23rd. This is an increase from OSB Group’s previous dividend of $8.70. The official announcement can be viewed at this link.

OSB Group Trading Down 1.8 %

Shares of OSB stock opened at GBX 510.50 ($6.22) on Friday. OSB Group has a 12-month low of GBX 366.80 ($4.47) and a 12-month high of GBX 608.50 ($7.42). The company has a market cap of £2.19 billion, a price-to-earnings ratio of 611.76 and a beta of 1.40. The stock has a 50 day simple moving average of GBX 534.06 and a 200-day simple moving average of GBX 490.74.

Analyst Ratings Changes

A number of equities research analysts have commented on OSB shares. Numis Securities reissued a “buy” rating and issued a GBX 758 ($9.24) target price on shares of OSB Group in a report on Thursday. Barclays increased their target price on shares of OSB Group from GBX 770 ($9.38) to GBX 800 ($9.75) and gave the company an “overweight” rating in a report on Friday, February 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 749.60 ($9.14).

About OSB Group

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OSB Group Plc, through its subsidiaries, operates as a specialist 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, bespoke and specialist residential lending, secured funding, and asset finance services.