Bread Financial Holdings, Inc. (NYSE:BFH) Declares Quarterly Dividend of $0.21 (2024)

Bread Financial Holdings, Inc. (NYSE:BFH - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.21 per share on Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, May 9th.

Bread Financial has decreased its dividend by an average of 12.6% annually over the last three years. Bread Financial has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bread Financial to earn $7.13 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 11.8%.

Bread Financial Price Performance

NYSE:BFH traded up $0.33 during trading hours on Friday, reaching $36.98. The company had a trading volume of 1,000,056 shares, compared to its average volume of 801,585. The stock has a 50-day moving average of $36.53 and a two-hundred day moving average of $33.02. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The firm has a market capitalization of $1.83 billion, a PE ratio of 2.61, a PEG ratio of 0.13 and a beta of 1.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts' consensus estimates of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. Bread Financial's revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.08 EPS. Analysts forecast that Bread Financial will post 6.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BFH shares. JPMorgan Chase & Co. boosted their price objective on Bread Financial from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. Evercore ISI lowered Bread Financial from an "in-line" rating to an "underperform" rating and upped their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Oppenheimer raised Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 price target on the stock in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $36.00 price target on shares of Bread Financial in a research note on Friday, January 26th. Finally, Wolfe Research raised Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.64.

View Our Latest Analysis on BFH

Insiders Place Their Bets

In other Bread Financial news, major shareholder Turtle Creek Asset Management sold 45,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $35.67, for a total value of $1,605,150.00. Following the completion of the sale, the insider now directly owns 293,092 shares in the company, valued at $10,454,591.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company's stock.

About Bread Financial

(Get Free Report)

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.

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