Norbord Inc (TSE:OSB) declared a quarterly dividend on Friday, July 28th, Zacks reports. Shareholders of record on Friday, September 1st will be paid a dividend of 0.398 per share on Thursday, September 21st. This represents a $1.59 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, August 30th. This is an increase from Norbord’s previous quarterly dividend of $0.30.
Norbord (TSE:OSB) opened at 41.62 on Friday. The firm’s 50 day moving average price is $41.53 and its 200 day moving average price is $39.68. The stock has a market cap of $3.58 billion and a price-to-earnings ratio of 13.69. Norbord has a one year low of $28.91 and a one year high of $44.65.
Several brokerages recently issued reports on OSB. Scotiabank reissued an “outperform” rating and set a C$44.25 price target on shares of Norbord in a report on Friday, August 18th. CSFB lifted their price target on shares of Norbord from C$42.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th. Canaccord Genuity raised shares of Norbord from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$43.00 to C$47.00 in a research note on Tuesday, June 6th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$48.00 target price on shares of Norbord in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$45.28.
About Norbord
Norbord Inc is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe.
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