Old Second Bancorp Increases Quarterly Dividend to $0.08 Per Share
Old Second Bancorp (OSBC) has announced a 14.3% increase in its quarterly dividend, raising the payout from $0.07 to $0.08 per share. The new dividend represents a forward yield of 1.29%, with the payment scheduled for November 9. Shareholders must be on record by October 30 to qualify for this distribution. Despite the dividend hike, the company's recent financial results showed mixed performance. While Old Second Bancorp reported revenue of $97.1 million, which exceeded market expectations by $12.34 million, its GAAP earnings per share (EPS) of $0.56 fell short of analyst estimates by $0.02.
Tickers: $OSBC