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. Shareholders of record on Wednesday, February 12th will be given 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 7.36%. The ex-dividend date of this dividend 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 payout ratio of 49.8% 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 $4.16 annual dividend with an expected future payout ratio of 50.6%.

OneMain Stock Down 0.5 %

NYSE:OMF opened at $56.52 on Monday. OneMain has a 52 week low of $41.70 and a 52 week high of $58.90. The stock’s 50-day moving average price is $54.67 and its 200-day moving average price is $51.01. The stock has a market capitalization of $6.75 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OMF shares. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company increased their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.