OneSpaWorld Holdings Limited (NASDAQ:OSW) Announces Dividend Increase – $0.06 Per Share

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0625 per share on Wednesday, December 2nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a 25.0% increase from OneSpaWorld’s previous quarterly dividend of $0.05.

OneSpaWorld has increased its dividend payment by an average of 0.2% per year over the last three years. OneSpaWorld has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect OneSpaWorld to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.7%.

OneSpaWorld Stock Up 12.5%

OSW stock opened at $28.07 on Thursday. OneSpaWorld has a 52 week low of $19.06 and a 52 week high of $29.25. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $23.64 and a 200-day simple moving average of $23.79. The stock has a market capitalization of $2.85 billion, a P/E ratio of 35.53 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $276.53 million for the quarter, compared to analyst estimates of $272.34 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. OneSpaWorld’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. Equities analysts forecast that OneSpaWorld will post 1.05 earnings per share for the current fiscal year.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.