Bread Financial Holdings, Inc. (NYSE:BFH) to Issue $0.21 Quarterly Dividend

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 8th.

Bread Financial has decreased its dividend payment by an average of 12.6% per year over the last three years. Bread Financial has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.25 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 13.4%.

Bread Financial Price Performance

Bread Financial stock opened at $62.77 on Thursday. Bread Financial has a 12 month low of $26.27 and a 12 month high of $63.01. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.00 and a beta of 1.94. The stock’s 50 day moving average is $51.09 and its 200-day moving average is $47.26. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.46 earnings per share. Equities research analysts expect that Bread Financial will post 7.59 EPS for the current year.

Insiders Place Their Bets

In related news, Director John J. Fawcett acquired 1,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. TD Cowen boosted their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Bread Financial has a consensus rating of “Hold” and a consensus price target of $49.64.

About Bread Financial

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.