OneMain Financial (OMF) boosts dividend by 4% despite headwinds created by inflation & higher interest rates

On April 30, 2024, OneMain declared a quarterly dividend of $1.04 per share, a 4% increase from the prior quarterly dividend of $1.00 per share. The dividend is payable on May 17, 2024, to record holders of the Company’s common stock as of the close of business on May 10, 2024. During the quarter, the Company repurchased approximately 109 thousand shares of common stock for $5 million.

“We are very pleased with our performance so far in 2024 and encouraged by the direction of credit,” said Doug Shulman, Chairman and CEO of OneMain. “We remain highly focused on serving our customers well through the cycle while also executing on our strategic initiatives, including new products and channels.”

OneMain Financial