Bread Financial Holdings, Inc. (BFH) to Issue Quarterly Dividend of $0.21 on June 13th

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, April 24th, RTT News reports. Stockholders of record on Friday, May 9th will be given a dividend of 0.21 per share on Friday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, May 9th.

Bread Financial has a payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $8.87 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 9.5%.

Bread Financial Trading Down 0.1 %

Shares of BFH opened at $48.87 on Friday. The company has a market capitalization of $2.35 billion, a P/E ratio of 8.81, a P/E/G ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50-day moving average price of $49.25 and a 200 day moving average price of $55.70. Bread Financial has a one year low of $36.31 and a one year high of $66.71.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.76. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Sell-side analysts forecast that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its board has approved a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BFH shares. Morgan Stanley set a $36.00 target price on Bread Financial and gave the company an “underweight” rating in a research note on Thursday. The Goldman Sachs Group cut their target price on Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. Barclays increased their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Jefferies Financial Group lifted their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.75.

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.