Norbord Inc (TSE:OSB) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Saturday, June 1st will be paid a dividend of 0.40 per share on Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, May 30th.

Shares of OSB opened at C$28.35 on Friday. Norbord has a 52-week low of C$27.95 and a 52-week high of C$58.92. The company has a current ratio of 1.80, a quick ratio of 0.82 and a debt-to-equity ratio of 80.32. The company has a market capitalization of $2.36 billion and a price-to-earnings ratio of 8.77.

Norbord (TSE:OSB) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.07). The business had revenue of C$632.87 million during the quarter, compared to analysts’ expectations of C$621.00 million. Equities analysts predict that Norbord will post 2.35999986290457 earnings per share for the current year.

Several equities analysts have issued reports on the company. CIBC raised Norbord from an “underperform” rating to a “neutral” rating and boosted their price target for the company from C$30.00 to C$32.00 in a research note on Tuesday, May 7th. Raymond James reissued an “outperform” rating and issued a C$45.00 price target on shares of Norbord in a research note on Friday, May 3rd. Finally, Royal Bank of Canada decreased their price objective on Norbord from C$45.00 to C$42.00 in a report on Friday, April 5th.

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About Norbord

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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