OneMain Holdings, Inc. (OMF) To Go Ex-Dividend on February 12th

OneMain Holdings, Inc. (NYSE:OMF) declared 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 7.36%. The ex-dividend date of this dividend is Wednesday, February 12th.

OneMain has raised its dividend payment by an average of 17.3% annually over the last three years. OneMain has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

OMF stock opened at $56.52 on Monday. The company has a market cap of $6.75 billion, a P/E ratio of 13.33, a PEG ratio of 0.45 and a beta of 1.59. The firm has a 50-day moving average of $54.67 and a 200 day moving average of $51.01. OneMain has a 1 year low of $41.70 and a 1 year high of $58.90.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the 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 directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OMF. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.36.

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.