Bread Financial Holdings, Inc. (BFH) to Issue Quarterly Dividend of $0.21 on December 13th

by · The Cerbat Gem

Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders 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 dividend yield of 1.70%. The ex-dividend date is Friday, November 8th.

Bread Financial has decreased its dividend payment by an average of 12.6% annually over the last three years. Bread Financial has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $6.82 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 12.3%.

Bread Financial Price Performance

BFH opened at $49.39 on Friday. Bread Financial has a 12-month low of $26.08 and a 12-month high of $59.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $46.16. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the company posted $3.46 EPS. Bread Financial’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Bread Financial will post 7.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price objective on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Evercore ISI dropped their price objective on Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Barclays dropped their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.

Get Our Latest Stock Report on BFH

Bread Financial Company Profile

(Get Free Report)

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.

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