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

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.21 per share on Friday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 1.32%.

Bread Financial has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.48 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 13.0%.

Bread Financial Stock Performance

Bread Financial stock opened at $63.57 on Friday. Bread Financial has a 12-month low of $32.10 and a 12-month high of $66.71. The stock has a 50-day simple moving average of $61.69 and a 200 day simple moving average of $55.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.12 and a beta of 1.94.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. On average, research analysts anticipate that Bread Financial will post 7.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BFH has been the topic of a number of recent research reports. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price target on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, TD Cowen boosted their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.46.

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.