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

OneMain Holdings, Inc. (NYSE:OMF) announced 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 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% per year 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. 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 opened at $56.12 on Friday. OneMain has a twelve month low of $45.78 and a twelve month high of $71.93. The company’s fifty day simple moving average is $58.39 and its 200-day simple moving average is $58.25. The company 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.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) 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 company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $1.90 earnings per share. Analysts predict that OneMain will post 6.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OMF has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price objective on shares of OneMain from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. Citigroup reiterated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Bank of America dropped their target price on OneMain from $67.00 to $66.00 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. upped their price target on OneMain from $52.00 to $56.00 and gave the company 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 assigned a Sell rating to the stock. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price 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.