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

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 7.39%. 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 49.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $8.32 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 50.0%.

OneMain Price Performance

Shares of OneMain stock traded up $1.42 during trading on Wednesday, hitting $56.33. 391,118 shares of the company were exchanged, compared to its average volume of 1,076,396. The firm has a market capitalization of $6.72 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. The firm's fifty day moving average price is $54.70 and its 200 day moving average price is $50.90. OneMain has a 1-year low of $41.70 and a 1-year high of $58.90.

Analyst Ratings Changes

Several research firms have weighed in on OMF. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Monday. Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday. Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $57.15.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.