OneMain Holdings, Inc. (NYSE:OMF) Plans Quarterly Dividend of $1.05

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be given a dividend of 1.05 per share by the financial services provider on Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Tuesday, February 17th.

OneMain has raised its dividend payment 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 payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect OneMain to earn $8.22 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 51.1%.

OneMain Stock Down 1.4%

NYSE OMF traded down $0.89 on Thursday, hitting $62.31. The company’s stock had a trading volume of 2,625,664 shares, compared to its average volume of 1,435,317. The company’s 50-day moving average is $66.58 and its 200 day moving average is $61.27. The firm has a market cap of $7.34 billion, a PE ratio of 10.56, a PEG ratio of 0.36 and a beta of 1.33. OneMain has a 1-year low of $38.00 and a 1-year high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a net margin of 13.15% and a return on equity of 22.70%. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities analysts expect that OneMain will post 6.46 EPS for the current year.

About OneMain

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.