Capitol Federal Financial (NASDAQ:CFFN) Declares Dividend Increase – $0.09 Per Share

Capitol Federal Financial (NASDAQ:CFFN) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.085 per share by the savings and loans company on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, February 6th. This is a 112.5% increase from Capitol Federal Financial’s previous quarterly dividend of $0.04.

Capitol Federal Financial has decreased its dividend payment by an average of 0.2%annually over the last three years. Capitol Federal Financial has a dividend payout ratio of 61.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of NASDAQ CFFN traded up $0.22 during trading hours on Wednesday, hitting $7.16. 177,616 shares of the stock were exchanged, compared to its average volume of 893,372. The firm has a market capitalization of $940.45 million, a P/E ratio of 13.71 and a beta of 0.69. Capitol Federal Financial has a one year low of $4.90 and a one year high of $7.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.26 and a quick ratio of 1.26. The company’s 50 day moving average is $6.80 and its 200 day moving average is $6.44.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. On average, research analysts expect that Capitol Federal Financial will post 0.46 EPS for the current year.

Insider Activity

In other Capitol Federal Financial news, EVP Rick C. Jackson acquired 8,000 shares of Capitol Federal Financial stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $6.05 per share, with a total value of $48,400.00. Following the acquisition, the executive vice president owned 156,752 shares of the company’s stock, valued at approximately $948,349.60. The trade was a 5.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Capitol Federal Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D lifted its holdings in shares of Capitol Federal Financial by 0.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 334,834 shares of the savings and loans company’s stock valued at $2,042,000 after acquiring an additional 1,872 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Capitol Federal Financial by 72.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company’s stock valued at $31,000 after purchasing an additional 2,062 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Capitol Federal Financial by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,368 shares of the savings and loans company’s stock valued at $191,000 after buying an additional 2,134 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Capitol Federal Financial by 23.7% during the third quarter. Integrated Wealth Concepts LLC now owns 13,884 shares of the savings and loans company’s stock worth $88,000 after buying an additional 2,664 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Capitol Federal Financial by 8.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 35,008 shares of the savings and loans company’s stock worth $238,000 after acquiring an additional 2,745 shares during the last quarter. Institutional investors own 88.51% of the company’s stock.

About Capitol Federal Financial

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.