OneMain Holdings, Inc. (OMF) To Go Ex-Dividend on November 9th

OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend on Friday, October 30th. Shareholders of record on Monday, November 9th will be given a dividend of $1.05 per share by the financial services provider on Friday, November 13th. This represents a $4.20 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Monday, November 9th.

OneMain has decreased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. OneMain has a dividend payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect OneMain to earn $8.32 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 50.5%.

OneMain Price Performance

Shares of OMF opened at $56.12 on Friday. The firm has a market cap of $6.42 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.66 and a beta of 1.30. The stock has a 50 day simple moving average of $58.39 and a two-hundred day simple moving average of $58.25. OneMain has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.05). OneMain had a net margin of 13.43% and a return on equity of 21.97%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $1.90 EPS. On average, equities analysts anticipate that OneMain will post 6.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on OMF shares. Royal Bank Of Canada reduced their price objective on OneMain from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Truist Financial lowered their target price on shares of OneMain from $71.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of OneMain from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Barclays dropped their price objective on OneMain from $60.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on OneMain from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Monday, November 2nd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $66.82.

OneMain Company Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.