OneSpaWorld Holdings Limited (OSW) to Issue Quarterly Dividend of $0.04 on March 26th

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.04 per share on Wednesday, March 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, March 12th.

OneSpaWorld has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect OneSpaWorld to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 15.1%.

OneSpaWorld Stock Performance

NASDAQ:OSW opened at $19.05 on Thursday. The stock has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $18.42. OneSpaWorld has a 1-year low of $11.98 and a 1-year high of $23.01. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.98 billion, a P/E ratio of 27.21 and a beta of 2.10.

Insider Buying and Selling

In other news, Director Walter Field Mclallen sold 18,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus lifted their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.