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

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.21 per share on Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, August 9th.

Bread Financial has decreased its dividend by an average of 12.6% per year over the last three years. Bread Financial has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.66 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 12.6%.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $52.32 on Friday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.21 and a beta of 1.98. The firm’s 50 day simple moving average is $44.13 and its 200 day simple moving average is $38.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $52.93.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. During the same period last year, the business posted $1.27 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Bread Financial will post 6.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BFH. Evercore ISI raised Bread Financial from an “underperform” rating to an “in-line” rating and boosted their target price for the company from $42.00 to $45.00 in a research note on Thursday, June 20th. JPMorgan Chase & Co. boosted their price objective on Bread Financial from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Compass Point began coverage on shares of Bread Financial in a research note on Tuesday, July 16th. They issued a “buy” rating and a $54.00 price target on the stock. Finally, BTIG Research initiated coverage on shares of Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.93.

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.