OneMain Holdings, Inc. (OMF) To Go Ex-Dividend on August 10th

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of 1.05 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Monday, August 10th.

OneMain has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. OneMain has a dividend payout ratio of 52.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect OneMain to earn $8.61 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 48.8%.

OneMain Stock Up 0.0%

Shares of OMF opened at $65.03 on Friday. The company has a market capitalization of $7.48 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21. The firm has a 50 day moving average of $59.43 and a 200 day moving average of $57.67. OneMain has a twelve month low of $45.78 and a twelve month high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that OneMain will post 7.12 EPS for the current year.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Barclays reduced their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. TD Cowen boosted their target price on OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Evercore set a $66.00 target price on OneMain in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Eight investment 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. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target of $68.40.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.