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

Bread Financial Holdings, Inc. (NYSE:BFH) 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.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same period last year, the firm earned $3.46 EPS. Bread Financial’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that Bread Financial will post 7.44 EPS for the current year.

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.

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.