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

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 8th.

Bread Financial has decreased its dividend by an average of 12.6% annually over the last three years. Bread Financial has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

BFH stock opened at $50.05 on Friday. The firm has a market cap of $2.48 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.17 and a beta of 1.94. The stock’s 50 day simple moving average is $51.75 and its 200 day simple moving average is $46.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a 12-month low of $26.08 and a 12-month high of $59.66.

Bread Financial (NYSE:BFH) last issued its 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). Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same period last year, the company posted $3.46 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts predict that Bread Financial will post 7.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BFH shares. Jefferies Financial Group lifted their target price on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Bank of America lowered their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Barclays dropped their target price on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.07.

Bread Financial Company Profile

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.