Onex Corporation (TSX: ONEX) announced a fourth-quarter dividend of C$0.10 per Subordinate Voting Share today, payable on January 31, 2024, to shareholders registered by January 10, 2024. The announcement was made by Zev Korman, the Vice President of Shareholder Relations and Communications at Onex.
Onex is a global investor and asset manager with two core businesses: Private Equity and Credit. In its Private Equity business, it mobilizes funds from third-party investors such as public and private pension plans for investment via platforms including Onex Partners and ONCAP. For its Credit business, Onex deploys various investment strategies across private credit, public credit, and public equity.
Listed on the Toronto Stock Exchange under the symbol ONEX, the company manages $49.5 billion in assets, which includes $7.9 billion of its own investing capital. The firm operates offices in Toronto, New York, New Jersey, Boston, and London.
Founded in 1984, Onex has established a significant presence in the global asset management industry over the past four decades. Further information about the company's activities and financials can be accessed through their website and security filings.
InvestingPro Insights
Drawing from the real-time data and tips provided by InvestingPro, we have some valuable insights to share on Onex Corporation.
Firstly, InvestingPro data indicates that Onex management has been assertively repurchasing shares, a strategy often used to boost shareholder value. Secondly, despite some concerns over low earnings quality and a declining trend in earnings per share, it's noteworthy that Onex has maintained dividend payments for an impressive 37 consecutive years. This speaks to the company's commitment to returning value to its shareholders.
Lastly, InvestingPro data reveals that Onex's liquid assets currently exceed its short-term obligations, suggesting a healthy liquidity position. This is an encouraging sign for investors, as it indicates that the company is well-positioned to meet its short-term liabilities.
For more detailed insights and additional tips, consider exploring the InvestingPro platform, which offers a wealth of relevant data and expert tips for a multitude of companies. Currently, there are 11 additional tips available for Onex on InvestingPro.
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