OneMain Holdings, Inc. Declares Quarterly Dividend of $1.04 (NYSE:OMF)
(NYSE:OMF - Get Free Report) announced 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 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, February 12th.
OneMain has raised its dividend by an average of 17.3% annually over the last three years. OneMain has a dividend payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. 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%.
OMF traded down $1.86 on Friday, reaching $55.53. The company had a trading volume of 2,525,689 shares, compared to its average volume of 894,494. The business has a 50 day simple moving average of $54.80 and a 200 day simple moving average of $50.88. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.50 and a beta of 1.58. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90.
Several research analysts have commented on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 price target on shares of OneMain in a research note on Thursday, January 16th. 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 research note on Thursday, October 31st. Wells Fargo & Company lifted 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. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, StockNews.com cut shares of OneMain from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $56.69.
Check Out Our Latest Stock Analysis on OneMain
In other news, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider OneMain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneMain wasn't on the list.
While OneMain currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
