Old Second Bancorp, Inc. (OSBC) To Go Ex-Dividend on October 30th

Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.08 per share by the financial services provider on Monday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 30th. This is a 14.3% increase from Old Second Bancorp’s previous quarterly dividend of $0.07.

Old Second Bancorp has increased its dividend by an average of 0.4% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Old Second Bancorp has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $2.42 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 13.2%.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $24.60 on Wednesday. Old Second Bancorp has a 52-week low of $17.11 and a 52-week high of $26.06. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.60 and a beta of 0.77. The business’s fifty day moving average is $25.02 and its 200 day moving average is $22.43.

Old Second Bancorp (NASDAQ:OSBC) last issued its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The company had revenue of $97.12 million during the quarter, compared to analyst estimates of $98.22 million. Equities analysts predict that Old Second Bancorp will post 2.21 EPS for the current fiscal year.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company headquartered in Aurora, Illinois. Through its principal subsidiary, Old Second National Bank, the company provides banking and financial services to individuals, families, businesses and governmental entities.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, commercial and industrial loans, consumer loans, treasury management and cash-management services. The bank also provides wealth management, trust and investment-related services through its financial services operations.

Founded in 1871, Old Second has a long history of serving communities in northern Illinois, including the Fox Valley and Chicago metropolitan area.