OneMain Holdings, Inc. to Issue Quarterly Dividend of $1.05 (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMFGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be paid a dividend of 1.05 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Monday, August 10th.

OneMain has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. OneMain has a dividend payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect OneMain to earn $8.54 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 49.2%.

OneMain Trading Up 1.3%

Shares of NYSE:OMF opened at $63.07 on Thursday. The firm’s 50 day moving average is $57.96 and its two-hundred day moving average is $57.71. The firm has a market capitalization of $7.29 billion, a P/E ratio of 9.38, a PEG ratio of 0.47 and a beta of 1.22. OneMain has a 52 week low of $45.78 and a 52 week high of $71.93.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Analysts predict that OneMain will post 7.14 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada cut their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. BTIG Research reissued a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Barclays lowered their price target on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Finally, TD Cowen increased their target price on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $67.80.

Check Out Our Latest Report on OneMain

About OneMain

(Get Free Report)

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

Further Reading

Dividend History for OneMain (NYSE:OMF)

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