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

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.21 per share on Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, November 8th.

Bread Financial has decreased its dividend payment by an average of 12.6% per year over the last three years. Bread Financial has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

NYSE BFH traded down $0.67 during trading on Friday, reaching $49.39. The company's stock had a trading volume of 741,925 shares, compared to its average volume of 856,439. The firm has a 50 day moving average price of $51.75 and a 200 day moving average price of $46.07. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.46 earnings per share. As a group, equities analysts anticipate that Bread Financial will post 7.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on BFH shares. Royal Bank of Canada boosted their price target on Bread Financial from $47.00 to $58.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Compass Point boosted their target price on shares of Bread Financial from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price target on shares of Bread Financial from $40.00 to $53.00 and gave the stock a "sell" rating in a report on Monday, July 29th. Bank of America lowered their price objective on shares of Bread Financial from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Finally, Barclays cut their target price on Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and a consensus target price of $50.00.

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.