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

Bread Financial Holdings, Inc. (NYSE:BFH) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 29th will be given a dividend of 0.23 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th.

Bread Financial has decreased its dividend payment by an average of 0.1%annually over the last three years. Bread Financial has a payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bread Financial to earn $11.19 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 8.2%.

Bread Financial Stock Down 0.4%

NYSE BFH traded down $0.34 during trading hours on Thursday, hitting $92.10. The company’s stock had a trading volume of 911,055 shares, compared to its average volume of 817,201. Bread Financial has a 52 week low of $46.04 and a 52 week high of $99.13. The company has a market capitalization of $3.81 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.27. The company’s 50-day simple moving average is $75.93 and its two-hundred day simple moving average is $71.36.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $2.99 by $1.19. Bread Financial had a net margin of 11.02% and a return on equity of 17.92%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $992.05 million. During the same quarter last year, the firm earned $2.86 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts anticipate that Bread Financial will post 9.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Bread Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,273,797 shares of the company’s stock valued at $294,120,000 after buying an additional 30,962 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bread Financial by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,076,004 shares of the company’s stock valued at $171,557,000 after buying an additional 16,143 shares during the last quarter. Franklin Resources Inc. increased its stake in Bread Financial by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after buying an additional 299,439 shares during the last quarter. American Century Companies Inc. increased its stake in Bread Financial by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 1,555,968 shares of the company’s stock valued at $86,776,000 after buying an additional 65,223 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Bread Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock valued at $85,866,000 after buying an additional 14,257 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

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.