Bread Financial Holdings, Inc. (NYSE:BFH) Announces Quarterly Dividend of $0.21

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.21 per share on Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 9th.

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 9.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $7.13 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 11.8%.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $36.98 on Friday. The business’s fifty day moving average price is $36.52 and its two-hundred day moving average price is $33.06. Bread Financial has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2.58, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. During the same period in the prior year, the firm posted $9.08 EPS. Bread Financial’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, analysts predict that Bread Financial will post 6.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BFH. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Evercore ISI lowered Bread Financial from an “in-line” rating to an “underperform” rating and upped their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. BMO Capital Markets upped their price target on Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Finally, Barclays cut their price target on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.64.

Insiders Place Their Bets

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $35.67, for a total value of $1,605,150.00. Following the completion of the sale, the insider now directly owns 293,092 shares in the company, valued at $10,454,591.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

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.