OneSpaWorld Holdings Limited (NASDAQ:OSW) Declares Quarterly Dividend of $0.04

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders 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 yield of 0.84%. The ex-dividend date is Wednesday, March 12th.

OneSpaWorld has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.3 %

Shares of OSW stock opened at $19.05 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. OneSpaWorld has a 1 year low of $11.98 and a 1 year high of $23.01. The firm has a fifty day moving average price of $20.41 and a 200-day moving average price of $18.42. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 27.21 and a beta of 2.10.

Analysts Set New Price Targets

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

Insider Activity at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at approximately $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is currently owned by insiders.

OneSpaWorld Company Profile

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.