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

Capitol Federal Financial, Inc. (NASDAQ:CFFN - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.085 per share by the savings and loans company on Friday, November 15th. This represents a $0.34 annualized dividend and a dividend yield of 5.55%.

Capitol Federal Financial has a dividend payout ratio of 82.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Capitol Federal Financial to earn $0.37 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 91.9%.

Capitol Federal Financial Stock Performance

NASDAQ CFFN traded up $0.09 on Tuesday, hitting $6.13. 1,455,830 shares of the company's stock traded hands, compared to its average volume of 849,810. The firm's 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.58. The firm has a market capitalization of $819.78 million, a PE ratio of -6.47 and a beta of 0.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.25. Capitol Federal Financial has a 1-year low of $4.22 and a 1-year high of $6.82.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The company had revenue of $99.70 million during the quarter, compared to analyst estimates of $47.23 million. Capitol Federal Financial had a negative net margin of 33.33% and a positive return on equity of 4.02%. During the same period in the prior year, the business posted $0.06 EPS. As a group, analysts expect that Capitol Federal Financial will post 0.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Capitol Federal Financial from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Piper Sandler lifted their target price on Capitol Federal Financial from $5.50 to $7.00 and gave the company a "neutral" rating in a report on Thursday, July 25th. Finally, StockNews.com raised Capitol Federal Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, July 17th.

Capitol Federal Financial Company Profile

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.