OneSpan Inc. announced on December 16, 2024, that its Board of Directors has declared an initial quarterly cash dividend of $0.12 per share. This declaration marks the initiation of a new recurring quarterly dividend program for the company. The dividend is scheduled to be paid on February 14, 2025.
Shareholders of record as of the close of business on January 31, 2025, will be eligible to receive this first dividend payment. The establishment of a regular dividend program indicates OneSpan's confidence in its sustained profitability and strong cash flow generation. This move reflects a commitment to enhancing shareholder returns.
This is the first time in OneSpan's history that it has initiated a quarterly cash dividend. The decision underscores the company's successful financial transformation and disciplined capital allocation strategy. It provides a new avenue for shareholder value creation, complementing its ongoing investments in growth and operational efficiency.
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