Bread Financial Holdings, Inc. (NYSE:BFH – Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 8th.
Bread Financial has decreased its dividend payment by an average of 12.6% annually over the last three years. Bread Financial has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.82 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 12.3%.
Bread Financial Price Performance
Shares of NYSE BFH opened at $50.05 on Friday. The business’s 50 day moving average price is $51.75 and its two-hundred day moving average price is $46.07. The company has a market cap of $2.48 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial has a twelve month low of $26.08 and a twelve month high of $59.66.
Analyst Ratings Changes
Several research firms have recently commented on BFH. Royal Bank of Canada upped their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. TD Cowen upped their target price on Bread Financial from $44.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group upped their target price on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Finally, Barclays decreased their target price on Bread Financial from $37.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.07.
View Our Latest Report on Bread Financial
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.
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