OneSpan Inc. (NASDAQ: OSPN) today announced that its Board of
Directors has declared a quarterly cash dividend as part of the
initiation of a recurring quarterly dividend program. The initial
quarterly cash dividend of $0.12 per share will be paid on February
14, 2025 to shareholders of record as of the close of business on
January 31, 2025.
“The Board’s approval of a quarterly cash dividend program
reflects our ongoing commitment to returning capital to
shareholders as part of a balanced capital allocation strategy,”
stated OneSpan Chair of the Board, Al Nietzel. “The Company has
made great progress over the past year, and this new dividend
program underscores our confidence in the growth potential and
future cash generation capabilities of the Company. Going forward,
we will consider a range of options with respect to additional
capital allocation, including share repurchases, special dividends,
increases to the quarterly dividend, organic investments in the
business, and targeted M&A.”
The declaration and payment of future dividends are subject to
the sole discretion of the Board of Directors.
About OneSpan
OneSpan provides security, identity, electronic signature
(“e-signature”) and digital workflow solutions that protect and
facilitate digital transactions and agreements. The Company
delivers products and services that automate and secure
customer-facing and revenue-generating business processes for use
cases ranging from simple transactions to workflows that are
complex or require higher levels of security. Trusted by global
blue-chip enterprises, including more than 60% of the world’s 100
largest banks, OneSpan processes millions of digital agreements and
billions of transactions in 100+ countries annually.
For more information, go to www.onespan.com. You can also follow
@OneSpan on X (Twitter) or visit us on LinkedIn and Facebook.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of applicable U.S. securities laws, including
statements reflecting our intention to continue paying a dividend,
the amount and frequency of any future dividend payments, and our
general expectations regarding our capital allocation strategy and
future performance. Forward-looking statements may be identified by
words such as "seek", "believe", "plan", "estimate", "anticipate",
“expect", "intend", “target", continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such continue", "outlook", "may", "will",
"should", "could", or "might", and other similar expressions. These
forward-looking statements involve risks and uncertainties, as well
as assumptions that, if they do not fully materialize or prove
incorrect, could cause our results to differ materially from those
expressed or implied by such forward-looking statements. Factors
that could materially affect our business and financial results and
capital allocation decisions include, but are not limited to: our
ability to execute our business objectives in the expected
timeframe and to achieve the outcomes we expect from them; our
ability to attract new customers and retain and expand sales to
existing customers; our ability to successfully develop and market
new product offerings and product enhancements; changes in customer
requirements; the potential effects of technological changes; the
loss of one or more large customers; difficulties enhancing and
maintaining our brand recognition; competition; lengthy sales
cycles; challenges retaining key employees and successfully hiring
and training qualified new employees; unintended costs and
consequences of our recent cost reduction and restructuring
actions, including higher than anticipated restructuring charges,
disruption to our operations, litigation or regulatory actions, or
employee turnover; security breaches or cyber-attacks; real or
perceived malfunctions or errors in our products; interruptions or
delays in the performance of our products and solutions; reliance
on third parties for certain products and data center services; our
ability to effectively manage third party partnerships,
acquisitions, divestitures, alliances, or joint ventures; economic
recession, inflation, and political instability; claims that we
have infringed the intellectual property rights of others; changing
laws, government regulations or policies; pressures on price
levels; component shortages; delays and disruption in global
transportation and supply chains; tariffs or trade wars; impairment
of goodwill or amortizable intangible assets causing a significant
charge to earnings; actions of activist stockholders; and exposure
to increased economic and operational uncertainties from operating
a global business, as well as other factors described in the “Risk
Factors” section of our most recent Annual Report on Form 10-K, as
updated by the “Risk Factors” section of our subsequent Quarterly
Reports on Form 10-Q. Our filings with the Securities and Exchange
Commission (the “SEC”) and other important information can be found
in the Investor Relations section of our website at
investors.onespan.com. We do not have any intent, and disclaim any
obligation, to update the forward-looking information to reflect
events that occur, circumstances that exist or changes in our
expectations after the date of this press release, except as
required by law.
Unless otherwise noted, references in this press release to
“OneSpan”, “Company”, “we”, “our”, and “us” refer to OneSpan Inc.
and its subsidiaries.
Copyright© 2024 OneSpan North America Inc., all rights reserved.
OneSpan™ is a registered or unregistered trademark of OneSpan North
America Inc. or its affiliates in the U.S. and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216088410/en/
Investor contact: Joe Maxa Vice President of Investor
Relations +1-312-766-4009 joe.maxa@onespan.com
OneSpan (NASDAQ:OSPN)
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