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

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, July 25th, NASDAQ reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.21 per share on Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 9th.

Bread Financial has decreased its dividend payment by an average of 12.6% annually over the last three years. Bread Financial has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $6.67 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 12.6%.

Bread Financial Stock Up 4.0 %

Shares of BFH traded up $2.01 during trading on Thursday, reaching $52.32. The company’s stock had a trading volume of 1,115,226 shares, compared to its average volume of 790,973. Bread Financial has a twelve month low of $26.08 and a twelve month high of $52.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.24 and a beta of 1.98. The company has a fifty day moving average of $43.89 and a two-hundred day moving average of $38.88.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The firm 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 earnings per share. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, sell-side analysts predict that Bread Financial will post 5.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Bread Financial from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, April 4th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Barclays lifted their price target on shares of Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, July 9th. Finally, Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and increased their price objective for the stock from $42.00 to $45.00 in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and an average target price of $42.93.

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.