Capitol Federal Financial, Inc. (NASDAQ:CFFN) Announces $0.09 Quarterly Dividend

Capitol Federal Financial, Inc. (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.085 per share by the savings and loans company on Friday, February 21st. This represents a $0.34 annualized dividend and a yield of 5.95%.

Capitol Federal Financial has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.6 %

CFFN stock opened at $5.71 on Wednesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50-day moving average of $6.16 and a two-hundred day moving average of $6.12. The stock has a market capitalization of $758.12 million, a price-to-earnings ratio of 19.69 and a beta of 0.51. Capitol Federal Financial has a 52-week low of $4.76 and a 52-week high of $7.20.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Insider Activity at Capitol Federal Financial

In other news, Director James G. Morris bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $6.84 per share, with a total value of $102,600.00. Following the completion of the transaction, the director now directly owns 85,995 shares in the company, valued at $588,205.80. This represents a 21.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

About Capitol Federal Financial

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.