OneMain Holdings, Inc. (OMF) to Issue Quarterly Dividend of $1.04 on February 20th

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 1.04 per share by the financial services provider on Thursday, February 20th. This represents a $4.16 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, February 12th.

OneMain has increased its dividend by an average of 17.3% annually over the last three years. OneMain has a payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $6.82 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 61.0%.

OneMain Price Performance

OMF opened at $55.53 on Friday. The business has a 50 day simple moving average of $54.80 and a 200-day simple moving average of $50.86. OneMain has a 12 month low of $41.70 and a 12 month high of $58.90. The stock has a market capitalization of $6.63 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.50 and a beta of 1.58.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OMF. Wells Fargo & Company upped their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.69.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.