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

OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Tuesday, November 12th will be paid 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 7.56%. The ex-dividend date of this dividend is Tuesday, November 12th.

OneMain has raised its dividend by an average of 40.6% per year over the last three years. OneMain has a payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OneMain to earn $7.09 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 58.7%.

OneMain Stock Up 1.4 %

OMF stock opened at $55.01 on Friday. OneMain has a twelve month low of $36.52 and a twelve month high of $55.40. The company has a market cap of $6.57 billion, a P/E ratio of 12.04, a PEG ratio of 0.67 and a beta of 1.54. The business has a fifty day moving average of $47.54 and a 200-day moving average of $48.50.

Analyst Upgrades and Downgrades

Several brokerages have commented on OMF. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

Insider Activity

In related news, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,792 shares of company stock worth $2,032,859 over the last ninety days. Insiders own 0.45% of the company’s stock.

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.