Norbord Inc (OSB) to Issue Quarterly Dividend of $0.60 on March 21st

Norbord Inc (TSE:OSB) declared a quarterly dividend on Friday, February 2nd, Zacks reports. Stockholders of record on Thursday, March 1st will be paid a dividend of 0.60 per share on Wednesday, March 21st. This represents a $2.40 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Wednesday, February 28th.

Norbord (TSE:OSB) traded up C$0.26 during trading on Friday, hitting C$44.97. The company had a trading volume of 15,717 shares, compared to its average volume of 307,935. The stock has a market cap of $3,880.00, a P/E ratio of 7.00 and a beta of 2.06. Norbord has a 52 week low of C$36.10 and a 52 week high of C$51.75.

Norbord (TSE:OSB) last issued its earnings results on Friday, February 2nd. The company reported C$1.79 EPS for the quarter, beating the consensus estimate of C$1.73 by C$0.06. The business had revenue of C$756.97 million for the quarter. Norbord had a return on equity of 66.95% and a net margin of 26.85%.

In related news, insider Peter Cornelius Wijnbergen purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average price of C$9.96 per share, for a total transaction of C$99,600.00.

A number of equities analysts recently commented on the company. TD Securities decreased their target price on Norbord to C$50.00 and set a “hold” rating on the stock in a report on Tuesday, October 31st. CIBC decreased their target price on Norbord from C$50.00 to C$42.00 in a report on Friday, January 12th. Scotiabank reissued an “outperform” rating and set a C$55.00 price target on shares of Norbord in a report on Monday, October 30th. Finally, BMO Capital Markets set a C$32.00 price target on Norbord and gave the company an “underperform” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$49.38.

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About Norbord

Norbord Inc is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe.

Dividend History for Norbord (TSE:OSB)

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