Capitol Federal Financial, Inc. to Issue Quarterly Dividend of $0.09 (NASDAQ:CFFN)

Capitol Federal Financial, Inc. (NASDAQ:CFFN) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Friday, November 1st will be paid a dividend of 0.085 per share by the savings and loans company on Friday, November 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.55%.

Capitol Federal Financial has a dividend payout ratio of 82.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Capitol Federal Financial to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 91.9%.

Capitol Federal Financial Trading Up 1.5 %

Shares of Capitol Federal Financial stock traded up $0.09 during trading on Tuesday, hitting $6.13. 1,104,125 shares of the company were exchanged, compared to its average volume of 849,810. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $819.78 million, a P/E ratio of -6.47 and a beta of 0.49. The firm’s fifty day moving average price is $5.84 and its 200 day moving average price is $5.58. Capitol Federal Financial has a 1-year low of $4.22 and a 1-year high of $6.82.

Capitol Federal Financial (NASDAQ:CFFN) last issued its earnings results on Wednesday, July 24th. The savings and loans company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $99.70 million during the quarter, compared to the consensus estimate of $47.23 million. Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. During the same period in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts expect that Capitol Federal Financial will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Piper Sandler increased their target price on Capitol Federal Financial from $5.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.