OneMain Holdings hikes dividend by 32% and pays special dividend
OneMain Holdings, Inc. (OMF) will increase its quarterly dividend by 32% to $0.33 per share and pay a special dividend of $2.50 per share in 2020. Last year the financial services company initiated a quarterly dividend. Also a special dividend of $2.00 per share was paid last August.
The regular and special dividends are payable on March 13, 2020 to record holders of our common stock as of the close of business on February 26, 2020. A new regular dividend rate of $1.32 annually yields 2.8% at a stock price of $47.91.
"We generated strong earnings growth and significant capital in the fourth quarter of 2019," said Doug Shulman, President and CEO of OneMain in the company's press release. "Credit remained stable, receivables growth was disciplined, and we continued to achieve operating leverage while investing in our business. Our ongoing initiatives to enhance our customer experience and optimize the profitability of our business contributed to this performance and will continue to benefit all aspects of our business, leading to greater shareholder value and capital generation over the long-term."
OneMain Holdings, Inc. is a consumer finance company. OneMain provides personal loan products, credit and non-credit insurance products and service loans. The company provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. OneMain has a network of branches and a digital platform that provides customers the option of obtaining a personal loan via the website www.omf.com. OneMain Holdings became a public company in 2013 and initiated a quarterly dividend in 2019.
The regular and special dividends are payable on March 13, 2020 to record holders of our common stock as of the close of business on February 26, 2020. A new regular dividend rate of $1.32 annually yields 2.8% at a stock price of $47.91.
"We generated strong earnings growth and significant capital in the fourth quarter of 2019," said Doug Shulman, President and CEO of OneMain in the company's press release. "Credit remained stable, receivables growth was disciplined, and we continued to achieve operating leverage while investing in our business. Our ongoing initiatives to enhance our customer experience and optimize the profitability of our business contributed to this performance and will continue to benefit all aspects of our business, leading to greater shareholder value and capital generation over the long-term."
OneMain Holdings, Inc. is a consumer finance company. OneMain provides personal loan products, credit and non-credit insurance products and service loans. The company provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. OneMain has a network of branches and a digital platform that provides customers the option of obtaining a personal loan via the website www.omf.com. OneMain Holdings became a public company in 2013 and initiated a quarterly dividend in 2019.
