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

Capitol Federal Financial, Inc. (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, July 23rd, RTT News reports. Investors of record on Friday, August 2nd will be paid a dividend of 0.085 per share by the savings and loans company on Friday, August 16th. This represents a $0.34 annualized dividend and a dividend yield of 5.04%.

Capitol Federal Financial has a dividend payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 3.5 %

Shares of CFFN traded up $0.23 during trading hours on Tuesday, hitting $6.75. The stock had a trading volume of 1,287,382 shares, compared to its average volume of 883,334. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $902.68 million, a P/E ratio of -7.19 and a beta of 0.50. The company’s fifty day simple moving average is $5.40 and its 200 day simple moving average is $5.59. Capitol Federal Financial has a 12-month low of $4.22 and a 12-month high of $6.88.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Capitol Federal Financial had a positive return on equity of 3.85% and a negative net margin of 33.99%. The firm had revenue of $45.96 million during the quarter, compared to the consensus estimate of $47.23 million. Equities research analysts forecast that Capitol Federal Financial will post 0.42 EPS for the current fiscal year.

Insider Transactions at Capitol Federal Financial

In related news, Director Jeffrey M. Johnson purchased 10,000 shares of Capitol Federal Financial stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of $5.12 per share, with a total value of $51,200.00. Following the completion of the transaction, the director now owns 97,900 shares of the company’s stock, valued at approximately $501,248. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CFFN has been the subject of several recent research reports. StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $6.00 target price (down from $7.00) on shares of Capitol Federal Financial in a research note on Thursday, April 25th. Finally, Piper Sandler lowered their target price on Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, April 25th.

Capitol Federal Financial Company Profile

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.