OneMain Holdings, Inc. (OMF) To Go Ex-Dividend on May 11th

OneMain Holdings, Inc. (NYSE:OMF) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be given a dividend of 1.05 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, May 11th.

OneMain has decreased its dividend by an average of 0.1%per year over the last three years and has increased 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. Research analysts expect OneMain to earn $8.80 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 47.7%.

OneMain Price Performance

NYSE:OMF opened at $56.06 on Friday. The company has a market cap of $6.48 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.41 and a beta of 1.27. The stock’s fifty day moving average price is $55.12 and its two-hundred day moving average price is $60.16. OneMain has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 earnings per share. On average, analysts expect that OneMain will post 7.39 earnings per share for the current fiscal 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.