Capitol Federal Financial (NASDAQ:CFFN) Shares to Pay Quarterly Dividend of $0.09

Capitol Federal Financial (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.0850 per share by the savings and loans company on Friday, November 20th. This represents a $0.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, November 6th.

Capitol Federal Financial has decreased its dividend by an average of 0.2% per year 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.

Capitol Federal Financial Stock Performance

NASDAQ:CFFN opened at $8.54 on Wednesday. Capitol Federal Financial has a 52 week low of $5.97 and a 52 week high of $9.26. The firm has a 50-day moving average price of $8.55 and a two-hundred day moving average price of $7.96. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 13.14 and a beta of 0.70.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $60.15 million during the quarter, compared to the consensus estimate of $58.65 million.

Wall Street Analysts Forecast Growth

CFFN has been the topic of a number of research reports. Weiss Ratings cut Capitol Federal Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 15th. New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a research report on Thursday, July 9th. Benchmark started coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $10.00 target price for the company. Finally, Piper Sandler lifted their price objective on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

About Capitol Federal Financial

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The bank primarily provides residential mortgage lending, including loans for the purchase and refinancing of single-family homes, along with commercial real estate, construction, consumer, and other lending products.

Capitol Federal Savings Bank also offers deposit services such as checking and savings accounts, money market accounts, certificates of deposit, and other transaction and savings products.