Old Second Bancorp, Inc. (NASDAQ:OSBC) Plans $0.07 Quarterly Dividend

Old Second Bancorp, Inc. (NASDAQ:OSBC) announced a quarterly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be given a dividend of 0.07 per share by the financial services provider on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, January 30th.

Old Second Bancorp has increased its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 1 years. Old Second Bancorp has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Old Second Bancorp to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.1%.

Old Second Bancorp Price Performance

OSBC stock traded up $1.10 during midday trading on Wednesday, reaching $21.47. The company had a trading volume of 559,193 shares, compared to its average volume of 340,401. Old Second Bancorp has a 1-year low of $14.14 and a 1-year high of $21.51. The stock has a 50 day moving average price of $19.64 and a 200-day moving average price of $18.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.22 and a beta of 0.82.

Old Second Bancorp (NASDAQ:OSBC) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Old Second Bancorp had a net margin of 18.89% and a return on equity of 12.34%. The firm had revenue of $95.88 million for the quarter, compared to the consensus estimate of $80.45 million. Equities research analysts expect that Old Second Bancorp will post 1.86 earnings per share for the current year.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.