Capitol Federal Financial, Inc. (NASDAQ:CFFN) Announces Quarterly Dividend of $0.09

Capitol Federal Financial, Inc. (NASDAQ:CFFN - Get Free Report) announced a quarterly dividend on Tuesday, April 22nd, RTT News reports. Investors of record on Friday, May 2nd will be paid a dividend of 0.085 per share by the savings and loans company on Friday, May 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 6.30%.

Capitol Federal Financial has a dividend payout ratio of 65.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 4.7 %

Shares of NASDAQ:CFFN traded up $0.24 during midday trading on Tuesday, hitting $5.40. The stock had a trading volume of 861,890 shares, compared to its average volume of 789,848. The business's 50-day simple moving average is $5.64 and its 200-day simple moving average is $6.02. Capitol Federal Financial has a 12 month low of $4.76 and a 12 month high of $7.20. The company has a market cap of $717.04 million, a P/E ratio of 13.85 and a beta of 0.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.11.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last posted its earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. On average, sell-side analysts forecast that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Capitol Federal Financial news, Director James G. Morris bought 15,000 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average price of $5.66 per share, with a total value of $84,900.00. Following the acquisition, the director now directly owns 100,995 shares of the company's stock, valued at $571,631.70. The trade was a 17.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rick C. Jackson bought 10,000 shares of Capitol Federal Financial stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $5.88 per share, with a total value of $58,800.00. Following the completion of the transaction, the executive vice president now owns 191,428 shares of the company's stock, valued at $1,125,596.64. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 40,000 shares of company stock worth $229,850. Insiders own 3.20% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler reduced their target price on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, January 30th.

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.

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