Ottawa Savings Bancorp Inc (NASDAQ:OTTW) Declares Dividend Increase – $0.08 Per Share

Ottawa Savings Bancorp Inc (NASDAQ:OTTW) declared a quarterly dividend on Wednesday, May 20th, Zacks reports. Investors of record on Wednesday, June 3rd will be given a dividend of 0.08 per share by the financial services provider on Wednesday, June 17th. This represents a $0.32 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, June 2nd. This is an increase from Ottawa Savings Bancorp’s previous quarterly dividend of $0.06.

Ottawa Savings Bancorp has increased its dividend by an average of 26.0% per year over the last three years and has raised its dividend every year for the last 2 years.

Ottawa Savings Bancorp stock traded up $0.25 during mid-day trading on Friday, reaching $10.50. The company’s stock had a trading volume of 120 shares, compared to its average volume of 2,031. The company has a market capitalization of $32.77 million, a price-to-earnings ratio of 19.81 and a beta of 0.44. Ottawa Savings Bancorp has a 12 month low of $9.32 and a 12 month high of $14.50. The business’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $12.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.10 and a current ratio of 1.11.

Separately, ValuEngine downgraded shares of Ottawa Savings Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Ottawa Savings Bancorp Company Profile

Ottawa Bancorp, Inc operates as the holding company for Ottawa Savings Bank, a chartered savings bank that provides various financial services to individual and corporate customers in Illinois. The company offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts.

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Dividend History for Ottawa Savings Bancorp (NASDAQ:OTTW)

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