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

Capitol Federal Financial, Inc. (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Shareholders of record on Friday, May 3rd will be given a dividend of 0.085 per share by the savings and loans company on Friday, May 17th. This represents a $0.34 annualized dividend and a yield of 7.07%. The ex-dividend date is Thursday, May 2nd.

Capitol Federal Financial has a dividend payout ratio of 64.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Capitol Federal Financial to earn $0.45 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 75.6%.

Capitol Federal Financial Price Performance

Shares of CFFN stock opened at $4.81 on Tuesday. Capitol Federal Financial has a twelve month low of $4.22 and a twelve month high of $6.88. The company has a current ratio of 1.34, a quick ratio of 1.37 and a debt-to-equity ratio of 2.29. The stock has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $5.68.

Insider Buying and Selling

In related news, EVP Rick C. Jackson acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $5.68 per share, for a total transaction of $56,800.00. Following the completion of the acquisition, the executive vice president now directly owns 181,428 shares in the company, valued at approximately $1,030,511.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Morris J. Huey II purchased 5,000 shares of Capitol Federal Financial stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $5.70 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the director now owns 271,000 shares in the company, valued at $1,544,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rick C. Jackson acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $5.68 per share, with a total value of $56,800.00. Following the transaction, the executive vice president now owns 181,428 shares of the company’s stock, valued at approximately $1,030,511.04. The disclosure for this purchase can be found here. Insiders bought a total of 21,990 shares of company stock worth $125,141 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CFFN. StockNews.com upgraded shares of Capitol Federal Financial to a “sell” rating in a report on Tuesday, January 23rd. Piper Sandler dropped their price objective on shares of Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $6.00 price objective (down previously from $7.00) on shares of Capitol Federal Financial in a research note on Thursday, April 25th.

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.