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

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.21 per share on Friday, March 21st. This represents a $0.84 dividend on an annualized basis and a yield of 1.32%.

Bread Financial has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bread Financial to earn $6.48 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 13.0%.

Bread Financial Price Performance

NYSE BFH opened at $63.57 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $3.16 billion, a P/E ratio of 10.12 and a beta of 1.94. The business’s fifty day moving average is $61.69 and its two-hundred day moving average is $55.49. Bread Financial has a 1 year low of $32.10 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. On average, research analysts forecast that Bread Financial will post 7.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on BFH. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group upped their price target on shares of Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price objective on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.46.

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.