Bread Financial Holdings, Inc. (BFH) to Issue Quarterly Dividend of $0.25 on December 15th

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 30th will be given a dividend of $0.25 per share on Tuesday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. This is a 8.7% increase from Bread Financial’s previous quarterly dividend of $0.23.

Bread Financial has decreased its dividend by an average of 0.1% per year over the last three years. Bread Financial has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bread Financial to earn $13.19 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 7.0%.

Bread Financial Stock Performance

Shares of BFH stock opened at $99.72 on Friday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.81 and a beta of 1.15. The company’s 50 day moving average is $104.36 and its 200 day moving average is $98.67. The company has a quick ratio of 1.17, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Bread Financial has a 52-week low of $59.26 and a 52-week high of $114.53.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.50. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. Bread Financial’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.02 earnings per share. On average, sell-side analysts anticipate that Bread Financial will post 12.10 EPS for the current fiscal year.

Bread Financial Company Profile

Bread Financial Holdings, Inc (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.