Bread Financial Holdings, Inc. (BFH) To Go Ex-Dividend on August 31st

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 31st will be given a dividend of 0.23 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 31st.

Bread Financial has decreased its dividend by an average of 0.1%per year over the last three years. Bread Financial has a dividend payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bread Financial to earn $12.13 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 7.6%.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $104.15 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.25. Bread Financial has a 1 year low of $53.83 and a 1 year high of $109.91. The business has a fifty day simple moving average of $97.34 and a 200 day simple moving average of $84.15. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.91 and a beta of 1.10.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $959.32 million. During the same quarter in the previous year, the company posted $3.15 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that Bread Financial will post 11.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bread Financial news, CEO Ralph J. Andretta sold 15,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the completion of the transaction, the chief executive officer directly owned 582,241 shares in the company, valued at $51,877,673.10. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett bought 698 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of $86.43 per share, with a total value of $60,328.14. Following the transaction, the director directly owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Bread Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of Bread Financial in the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. acquired a new position in shares of Bread Financial during the 4th quarter worth about $29,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Bread Financial by 141.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after buying an additional 329 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 398 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.