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

by · The Cerbat Gem

OneMain Holdings, Inc. (NYSE:OMF – Get Free Report) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 7.56%. The ex-dividend date is Tuesday, November 12th.

OneMain has increased its dividend payment by an average of 40.6% annually over the last three years. OneMain has a dividend payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.4 %

Shares of OMF opened at $55.01 on Monday. OneMain has a 12-month low of $36.52 and a 12-month high of $55.40. The firm has a market capitalization of $6.57 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.68 and a beta of 1.54. The firm has a 50-day moving average price of $47.54 and a 200 day moving average price of $48.48.

Analyst Ratings Changes

OMF has been the subject of a number of recent analyst reports. JMP Securities raised 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, October 31st. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $55.08.

Get Our Latest Report on OneMain

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the chief executive officer now owns 412,474 shares of the company’s stock, valued at $21,861,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,792 shares of company stock valued at $2,032,859 in the last three months. 0.45% of the stock is owned by corporate insiders.

OneMain Company Profile

(Get Free Report)

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.

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