OneMain Holdings, Inc. (NYSE:OMF) Stock to Pay Quarterly Dividend of $1.05

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Friday, October 30th. Stockholders of record on Monday, November 9th will be paid 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 dividend 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 raised its dividend annually for the last 5 consecutive years. OneMain has a 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 NYSE:OMF opened at $56.12 on Friday. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.66 and a beta of 1.30. The stock’s 50-day moving average price is $58.39 and its two-hundred day moving average price is $58.25. OneMain has a 12-month low of $45.78 and a 12-month high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.51 EPS for the quarter, missing the consensus estimate 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 last year, the company posted $1.90 EPS. As a group, research analysts forecast that OneMain will post 6.59 earnings per share for the current fiscal year.

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.