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

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.21 per share on Friday, March 21st. This represents a $0.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, February 14th.

Bread Financial has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $8.79 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 9.6%.

Bread Financial Price Performance

BFH stock traded down $0.01 during trading on Monday, hitting $63.32. 777,359 shares of the company's stock traded hands, compared to its average volume of 616,394. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.38 and a beta of 1.93. Bread Financial has a 52 week low of $32.10 and a 52 week high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The business has a fifty day simple moving average of $61.93 and a 200 day simple moving average of $55.70.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, research analysts expect that Bread Financial will post 6.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BFH shares. Evercore ISI increased their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Morgan Stanley raised shares of Bread Financial from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price target on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Bread Financial presently has an average rating of "Hold" and an average target price of $59.69.

About Bread Financial

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.