OneMain Holdings, Inc. Declares Quarterly Dividend of $1.04 (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 7.49%. The ex-dividend date is Wednesday, February 12th.

OneMain has raised its dividend by an average of 17.3% per year over the last three years. OneMain has a dividend payout ratio of 48.9% meaning 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

NYSE:OMF traded down $1.86 during trading hours on Friday, reaching $55.53. The company’s stock had a trading volume of 2,525,689 shares, compared to its average volume of 894,494. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.50 and a beta of 1.58. OneMain has a one year low of $41.70 and a one year high of $58.90. The business’s 50-day moving average is $54.80 and its 200-day moving average is $50.86.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OMF shares. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Stephens initiated coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price 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.