Norbord Inc (OSB) to Issue Quarterly Dividend of $0.20 on December 23rd

Norbord Inc (TSE:OSB) declared a quarterly dividend on Thursday, November 28th, TickerTech reports. Stockholders of record on Monday, December 23rd will be given a dividend of 0.20 per share on Monday, December 23rd. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, November 28th.

Norbord stock traded down C$0.69 during trading on Tuesday, reaching C$37.91. The company had a trading volume of 157,418 shares, compared to its average volume of 314,566. Norbord has a 52 week low of C$26.31 and a 52 week high of C$39.96. The firm’s 50-day simple moving average is C$35.58 and its 200 day simple moving average is C$31.81. The firm has a market capitalization of $3.15 billion and a price-to-earnings ratio of -54.08. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 99.14.

Norbord (TSE:OSB) last issued its quarterly earnings results on Thursday, October 31st. The company reported C($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.09) by C($0.06). The business had revenue of C$574.30 million during the quarter, compared to analyst estimates of C$604.38 million. On average, analysts predict that Norbord will post 1.9200001 earnings per share for the current year.

Several analysts have issued reports on OSB shares. Raymond James reissued a “strong-buy” rating and issued a C$43.00 price objective on shares of Norbord in a research note on Friday, November 1st. Vertical Research downgraded shares of Norbord from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Securities raised their price objective on shares of Norbord from C$28.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CIBC raised their price objective on shares of Norbord from C$37.00 to C$38.00 in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on shares of Norbord from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$38.20.

Norbord Company Profile

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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