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

OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 1.05 per share by the financial services provider on Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, February 17th.

OneMain has increased its dividend payment 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. Equities analysts expect OneMain to earn $8.22 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 51.1%.

OneMain Stock Performance

OMF traded down $0.89 during trading on Thursday, reaching $62.31. The stock had a trading volume of 2,625,664 shares, compared to its average volume of 1,435,317. The business has a 50-day moving average of $66.58 and a 200-day moving average of $61.27. OneMain has a one year low of $38.00 and a one year high of $71.93. The stock has a market cap of $7.34 billion, a PE ratio of 10.56, a PEG ratio of 0.36 and a beta of 1.33.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Equities research analysts forecast that OneMain will post 6.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OMF has been the subject of a number of recent analyst reports. Truist Financial started coverage on shares of OneMain in a report on Monday, December 8th. They set a “buy” rating and a $75.00 price target for the company. Wells Fargo & Company upped their price objective on shares of OneMain from $63.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Evercore ISI set a $75.00 target price on shares of OneMain in a report on Tuesday, January 6th. Royal Bank Of Canada boosted their price target on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Citizens Jmp lowered their price target on OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $72.33.

OneMain Company Profile

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.