Old Second Bancorp announces dividend payout

Aurora, IL-based Old Second Bancorp Inc. (NASDAQ:OSBC) disclosed in a recent SEC filing that its Board of Directors has declared a quarterly cash dividend. The dividend of $0.06 per share is scheduled to be paid on May 5, 2025, to shareholders of record as of April 25, 2025. The current dividend yield stands at 1.65%, and according to InvestingPro, the company has maintained dividend payments for 10 consecutive years, demonstrating consistent shareholder returns.

This financial event was reported in an 8-K filing with the Securities and Exchange Commission on Tuesday, April 15, 2025. The filing provided details about the upcoming dividend distribution, a common way for companies to return value to shareholders.

Old Second Bancorp, with its headquarters located at 37 South River Street, Aurora, Illinois, operates within the state commercial banks sector under the SIC code 6022. The bank has a fiscal year-end on December 31 and is incorporated in the state of Delaware.

The company’s common stock is traded on The Nasdaq Stock Market under the ticker symbol OSBC. According to the filing, the dividend announcement is part of the regular financial disclosures that publicly traded companies are required to make.

Investors and stockholders of Old Second Bancorp can anticipate the dividend payment in the first week of May, following the record date towards the end of April. The declaration of dividends is a decision that typically reflects a company’s financial health and its ability to generate sufficient cash flow.

This information is based on statements from a press release.

In other recent news, Old Second Bancorp has announced it will release its first-quarter 2025 financial results on April 23, 2025, followed by an earnings call on April 24. This announcement underscores the company’s commitment to transparency with investors. Concurrently, Old Second Bancorp is set to acquire Bancorp Financial in a transaction valued at approximately $197 million, which will expand its presence in the Chicago area and add new consumer lending capabilities. The merger is anticipated to close in the third quarter of 2025, pending customary approvals, and is expected to result in significant earnings per share accretion in the first full year post-merger.

Analysts from Keefe, Bruyette & Woods have raised their price target for Old Second Bancorp to $24, maintaining an Outperform rating, citing the bank’s strategic initiatives and acquisition of Bancorp Financial. Stephens also increased its price target to $22, maintaining an Overweight rating, and noted the potential for Old Second to further enhance its financial profile. Raymond (NSE:RYMD) James reiterated a Strong Buy rating with a $22 price target, highlighting the company’s resilience in Net Interest Margin and strategic growth plans.

These developments reflect a positive outlook from analysts on Old Second Bancorp’s future financial performance and strategic direction. The bank’s recent acquisition and financial strategies are expected to bolster its earnings stream and market position.

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