OneMain Holdings, Inc. (OMF) to Issue Quarterly Dividend of $1.04 on November 18th

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 1.04 per share by the financial services provider on Monday, November 18th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date is Tuesday, November 12th.

OneMain has raised its dividend payment by an average of 40.6% per year over the last three years. OneMain has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OneMain to earn $7.16 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 58.1%.

OneMain Price Performance

OMF stock opened at $49.70 on Friday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.98 and a beta of 1.56. The company has a 50 day simple moving average of $47.08 and a 200 day simple moving average of $48.32. OneMain has a 1 year low of $35.53 and a 1 year high of $54.94.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 19.31% and a net margin of 11.27%. During the same quarter last year, the business posted $1.01 EPS. On average, equities research analysts anticipate that OneMain will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OMF. Deutsche Bank Aktiengesellschaft lowered their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. JMP Securities lifted their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday. JPMorgan Chase & Co. lowered their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.08.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the transaction, the senior vice president now owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the transaction, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is currently owned by company insiders.

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.