OneSpaWorld Holdings Limited (NASDAQ:OSW) to Issue $0.04 Quarterly Dividend

OneSpaWorld Holdings Limited (NASDAQ:OSW) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Shareholders of record on Wednesday, November 20th will be given a dividend of 0.04 per share on Wednesday, December 4th. This represents a $0.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, November 20th.

OneSpaWorld has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OneSpaWorld to earn $0.87 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 18.4%.

OneSpaWorld Trading Down 0.7 %

OneSpaWorld stock opened at $18.66 on Monday. The stock has a market cap of $1.94 billion, a P/E ratio of 38.08 and a beta of 2.13. OneSpaWorld has a 12 month low of $11.13 and a 12 month high of $19.61. The company’s fifty day simple moving average is $17.14 and its 200-day simple moving average is $16.04. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upped their price objective on shares of OneSpaWorld from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other OneSpaWorld news, CFO Stephen Lazarus sold 8,271 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.75, for a total transaction of $138,539.25. Following the sale, the chief financial officer now directly owns 726,920 shares of the company’s stock, valued at approximately $12,175,910. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew R. Heyer sold 75,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the sale, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 319,810 shares of company stock valued at $5,644,816. 5.00% of the stock is currently owned by insiders.

About OneSpaWorld

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.