Capitol Federal Financial, Inc. (NASDAQ:CFFN) to Issue $0.09 Quarterly Dividend

Capitol Federal Financial, Inc. (NASDAQ:CFFN - Get Free Report) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.085 per share by the savings and loans company on Friday, February 21st. This represents a $0.34 annualized dividend and a yield of 5.71%. The ex-dividend date is Friday, February 7th.

Capitol Federal Financial has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capitol Federal Financial to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 68.0%.

Capitol Federal Financial Trading Up 1.5 %

Capitol Federal Financial stock traded up $0.09 during mid-day trading on Friday, hitting $5.95. 894,566 shares of the stock were exchanged, compared to its average volume of 756,773. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $789.98 million, a price-to-earnings ratio of 15.26 and a beta of 0.51. The firm's fifty day simple moving average is $6.13 and its two-hundred day simple moving average is $6.11. Capitol Federal Financial has a 12 month low of $4.76 and a 12 month high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. Analysts forecast that Capitol Federal Financial will post 0.45 EPS for the current year.

Insider Activity at Capitol Federal Financial

In related news, Director James G. Morris acquired 15,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the completion of the acquisition, the director now owns 85,995 shares of the company's stock, valued at approximately $588,205.80. This represents a 21.13 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating for the company in a report on Thursday.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.