OneMain Holdings

Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this month, we have two new names that haven't made the discussion portion before.» Mehr auf seekingalpha.com

Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The "Payday Loans Market Report 2024" has been added to ResearchAndMarkets.com's offering. The payday loans market size has grown strongly in recent years, from $35.47 billion in 2023 to $35.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period can be attributed to factors such as increased financial instability, limited access to traditional credit, economic downturns, high unemployment rates, regulatory changes, and the emergence of digital lending platforms. The payday loans market size is expected to see strong growth in the next few years, growing to $43.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth during the forecast period can be attributed to rising economic uncertainty, increasing unemployment rates, changes in consumer borrowing habits, regulatory shifts, fluctuations in interest rates, and a growing demand for short-term financial solutions.» Mehr auf globenewswire.com

OneMain delivered solid Q3 results as credit fears largely did not come to fruition. Its tighter standards and shrinking back book are helping to decelerate loan losses growth, creating a path to profit growth. With an 8% dividend yield, some buybacks, and an 8.6x multiple, OMF is attractive.» Mehr auf seekingalpha.com