One amazing dividend stock to buy now is a consumer finance company with double-digit yield and triple-digit-percentage returns. It sounds too good to be true, but this company has impressed analysts time and time again. In the last year, the company has come into the limelight as a powerful investment among dividend investors. Income investors are always looking for stable dividend payers like this one, but often fill their portfolios with excessively conservative stocks and missed opportunities.
OneMain Holdings (NYSE:OMF) is a consumer financial services company that largely provides insurance and personal loan products. The majority of its profit is obtained from net interest income, but it also makes money servicing loans, completing strategic acquisitions and occasionally establishing joint ventures and strategic alliances. The company is a new dividend payer that made its first distribution in the beginning of 2019 and has paid a dividend every quarter since (as well as two very large special dividends). Its current distribution annualizes to $7.06, corresponding to a 12.9% yield.
Source: Dividend Investor
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