5 Best Dividend Stocks According to George Soros

4. OneMain Holdings, Inc. (NYSE: OMF)

Financial services holding OneMain Holdings, Inc. (NYSE: OMF) is ranked fourth in the list of 10 best dividend stocks according to George Soros. The company offers a dividend yield of 3.28% with a quarterly dividend of $0.45 per share. Soros Fund Management held 383,782 shares of OneMain Holdings at the end of the fourth quarter. OMF stock price appreciated 50% in the last twelve months.

Miller Value Partners, an investment management firm, highlighted a few stocks including OneMain Holdings in the Q4 investor letter. Here is what Miller Value Partners stated:

“OneMain Holdings (OMF) was the top contributor over the quarter, advancing 56.0% after reporting Q3 Earnings Per Share (EPS) of $2.19, well above consensus of $1.26 and the quarterly dividend, which was increased 36% to $0.45/share (3.5% annualized yield and 11.5% Trailing Twelve Month (TTM) yield). Net interest income of $836M beat estimates of $778M, implying a 24.3% asset yield and 18.7% net interest margin. Origination volumes increased 41% sequentially to $2.9Bn on continued strength in digital while end-of-period net receivables were flat at $17.8Bn. Credit quality remains excellent with net charge-offs of 5.2%, the lowest level since 3Q 2015. Management guided to year-end receivables of $18.1Bn, net charge-offs of 5.6% (from 5.8%-6.0%), and net leverage of 4.3x-4.5x.”