Norbord Inc Declares Quarterly Dividend of $0.60 (OSB)

Norbord Inc (TSE:OSB) announced a quarterly dividend on Thursday, November 1st, Zacks reports. Stockholders of record on Saturday, December 1st will be given a dividend of 0.60 per share on Friday, December 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Thursday, November 29th.

Shares of TSE:OSB opened at C$37.57 on Friday. Norbord has a 1 year low of C$31.87 and a 1 year high of C$58.92. The company has a debt-to-equity ratio of 52.69, a current ratio of 2.00 and a quick ratio of 1.22.

Norbord (TSE:OSB) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.29 by C$0.55. The business had revenue of C$836.42 million for the quarter, compared to analysts’ expectations of C$789.49 million. On average, sell-side analysts expect that Norbord will post 3.03520671568124 earnings per share for the current year.

A number of research analysts recently issued reports on OSB shares. CIBC reduced their price target on Norbord from C$46.00 to C$41.00 in a report on Monday, October 15th. Raymond James restated a “strong-buy” rating and set a C$60.00 price target on shares of Norbord in a report on Friday, November 2nd. Finally, Seaport Global Securities restated a “buy” rating on shares of Norbord in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$46.88.

In related news, insider Peter Cornelius Wijnbergen sold 6,500 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of C$52.50, for a total transaction of C$341,250.00.

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About Norbord

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

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Dividend History for Norbord (TSE:OSB)

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