Bread Financial Holdings, Inc. (NYSE:BFH) Plans $0.21 Quarterly Dividend

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.21 per share on Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, May 9th.

Bread Financial has decreased its dividend payment by an average of 12.6% annually over the last three years. Bread Financial has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.72 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 12.5%.

Bread Financial Stock Performance

Bread Financial stock opened at $40.38 on Tuesday. The stock’s 50-day moving average is $36.80 and its 200-day moving average is $33.43. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.18 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a 12 month low of $24.87 and a 12 month high of $41.89.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. During the same quarter last year, the business posted $9.08 EPS. Bread Financial’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities analysts anticipate that Bread Financial will post 5.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BFH shares. Barclays lowered their price objective on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods upgraded Bread Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $67.00 in a research report on Thursday, May 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 target price on shares of Bread Financial in a research report on Friday, January 26th. BMO Capital Markets lifted their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their target price on Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial currently has an average rating of “Hold” and a consensus target price of $39.17.

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.