OneMain Holdings, Inc. (NYSE:OMF) Shareholders to Get $1.05 Quarterly Dividend

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Friday, October 30th. Investors 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 annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, November 9th.

OneMain has decreased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 5 years. OneMain has a 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 Trading Down 1.3%

Shares of OMF stock opened at $56.12 on Friday. The firm has a fifty day simple moving average of $58.39 and a two-hundred day simple moving average of $58.25. OneMain has a 12 month low of $45.78 and a 12 month high of $71.93. The firm has a market capitalization of $6.42 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.30.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in OneMain during the second quarter worth about $633,893,000. Dimensional Fund Advisors LP lifted its position in shares of OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after acquiring an additional 308,370 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of OneMain by 7.7% in the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 195,591 shares in the last quarter. Jupiter Topco LLC purchased a new position in OneMain in the second quarter valued at approximately $166,060,000. Finally, State Street Corp boosted its position in shares of OneMain by 1.8% during the 2nd quarter. State Street Corp now owns 2,451,937 shares of the financial services provider’s stock valued at $149,495,000 after acquiring an additional 42,917 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

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.