Bread Financial Holdings, Inc. (NYSE:BFH) Plans Quarterly Dividend of $0.23

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 31st will be given a dividend of 0.23 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 31st.

Bread Financial has decreased its dividend by an average of 0.1%per year over the last three years. Bread Financial has a payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $12.13 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 7.6%.

Bread Financial Stock Performance

BFH traded up $1.98 during midday trading on Thursday, reaching $103.85. The company had a trading volume of 800,950 shares, compared to its average volume of 761,431. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $96.66 and a two-hundred day moving average of $83.81. The company has a market cap of $4.20 billion, a P/E ratio of 8.51, a P/E/G ratio of 0.90 and a beta of 1.10. Bread Financial has a 1 year low of $53.83 and a 1 year high of $109.91.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $959.32 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.15 EPS. As a group, equities research analysts predict that Bread Financial will post 11.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BFH shares. Barclays upgraded shares of Bread Financial from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $70.00 to $104.00 in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. TD Cowen lifted their target price on shares of Bread Financial from $95.00 to $103.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Loop Capital began coverage on Bread Financial in a research note on Thursday, May 21st. They issued a “buy” rating and a $104.00 price target for the company. Finally, Evercore reissued an “outperform” rating and set a $116.00 price target on shares of Bread Financial in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.25.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.