Norbord Inc (OSB) to Issue Quarterly Dividend of $4.50
Norbord Inc (TSE:OSB) declared a quarterly dividend on Thursday, August 2nd, Zacks reports. Stockholders of record on Saturday, September 1st will be paid a dividend of 4.50 per share on Friday, September 21st. This represents a $18.00 annualized dividend and a dividend yield of 32.73%. The ex-dividend date is Thursday, August 30th. This is a positive change from Norbord’s previous quarterly dividend of $0.60.
TSE OSB traded up C$0.22 during mid-day trading on Friday, hitting C$55.00. The company’s stock had a trading volume of 245,800 shares, compared to its average volume of 325,393. Norbord has a 52-week low of C$41.30 and a 52-week high of C$58.92.
Norbord (TSE:OSB) last posted its quarterly earnings results on Thursday, August 2nd. The company reported C$2.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.35 by C$0.13. Norbord had a net margin of 26.85% and a return on equity of 66.95%. The firm had revenue of C$912.46 million for the quarter.
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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