Bread Financial Holdings, Inc. (NYSE:BFH) Declares $0.23 Quarterly Dividend

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Friday, February 27th will be given a dividend of 0.23 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th.

Bread Financial has decreased its dividend by an average of 0.2%annually over the last three years. Bread Financial has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $8.87 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 10.4%.

Bread Financial Trading Up 6.6%

NYSE:BFH traded up $4.51 during trading hours on Thursday, hitting $72.71. 1,702,941 shares of the company were exchanged, compared to its average volume of 903,023. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 0.46 and a beta of 1.27. Bread Financial has a one year low of $38.21 and a one year high of $82.03. The company has a fifty day simple moving average of $72.95 and a 200 day simple moving average of $65.43. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $1.81. Bread Financial had a net margin of 10.08% and a return on equity of 15.97%. The firm had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. During the same quarter last year, the business earned $0.41 EPS. Sell-side analysts expect that Bread Financial will post 6.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Bread Financial by 141.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock valued at $31,000 after purchasing an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after buying an additional 398 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Bread Financial in the 2nd quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd grew its stake in Bread Financial by 8,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after buying an additional 830 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Bread Financial by 136.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock valued at $49,000 after acquiring an additional 512 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.