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

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.21 per share on Friday, June 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, May 9th.

Bread Financial has decreased its dividend by an average of 12.6% per year over the last three years. Bread Financial has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $6.72 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 12.5%.

Bread Financial Stock Down 0.9 %

Shares of Bread Financial stock opened at $40.01 on Wednesday. Bread Financial has a 1 year low of $24.87 and a 1 year high of $41.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.18 and a beta of 1.92. The firm’s 50-day moving average is $36.86 and its two-hundred day moving average is $33.51.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the prior year, the business posted $9.08 earnings per share. The company’s revenue was down 23.1% compared to the same quarter last year. As a group, research analysts expect that Bread Financial will post 5.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BFH has been the subject of a number of research analyst reports. Barclays decreased their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, January 26th. 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 report on Thursday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.17.

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.