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5 Reasons Why OneMain Holdings is a Screaming Buy By StockNews

by Mike Robinson

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© Reuters. Five Reasons OneMain Holdings Is a Scaring Buy

OneMain Holdings, a financial services company (NYSE:), reported strong second quarter results. In August 2021, they paid $4.20 per share in dividend. We believe the stock has solid growth and value attributes, and it may be a good investment. Continue reading. OneMain Holdings, Inc., Evansville, Ind., one of the most prominent personal installment loan providers, has approximately 2.2 million clients and 1400 branches. It priced an offer of 7,000,000 shares of stock on August 11, 2021. Stock has gained 55.7% over the past 12 months and 3.4% in the past 6 months, closing at $56.68.

OMF has seen its revenue grow at a CAGR of 15.9%, and EPS has grown by 79.6% over the past three year. In addition, OMF has been increasing its dividends steadily over the past two year, with its last dividend being $4.20 per Share on August 13. This translated into a dividend yield 2.994%.

The Federal Reserve’s policymakers are now expecting half to raise interest rates in the next year. This should be good news for OMF. So, OMF’s near-term prospects look promising.

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