OneMain Holdings Inc (OMF) Announces $0.25 Special Dividend

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OneMain Holdings Inc (NYSE:OMF) announced a special dividend on Tuesday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 26th will be paid a dividend of 0.25 per share by the financial services provider on Friday, March 15th. The ex-dividend date of this dividend is Monday, February 25th.

OneMain has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OneMain to earn $6.03 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.6%.

Shares of NYSE:OMF opened at $34.74 on Wednesday. The company has a market capitalization of $4.62 billion, a PE ratio of 6.72, a PEG ratio of 0.80 and a beta of 2.55. OneMain has a 1 year low of $22.47 and a 1 year high of $37.29.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.06. The firm had revenue of $882.00 million for the quarter, compared to analyst estimates of $730.46 million. OneMain had a return on equity of 19.64% and a net margin of 11.30%. Research analysts predict that OneMain will post 5.64 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Saturday. BMO Capital Markets lifted their price target on OneMain from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 13th. JMP Securities lifted their price target on OneMain from $39.00 to $44.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 13th. ValuEngine raised OneMain from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, JPMorgan Chase & Co. raised OneMain from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $34.50 to $32.00 in a research note on Wednesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.44.

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OneMain Company Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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