OneMain Holdings, Inc. (NYSE:OMF – Get 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.
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
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
- Five stocks we like better than OneMain
- UnitedHealth Just Gave Wall Street a Clearer Turnaround Signal
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.
