Bread Financial Holdings, Inc. (NYSE:BFH) Raises Dividend to $0.25 Per Share

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Monday, November 30th will be paid a dividend of $0.25 per share on Tuesday, December 15th. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date 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 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 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 Bread Financial stock traded down $6.02 during midday trading on Thursday, hitting $102.61. The company had a trading volume of 1,019,277 shares, compared to its average volume of 694,317. The business’s 50 day simple moving average is $104.81 and its two-hundred day simple moving average is $98.46. The stock has a market cap of $3.94 billion, a PE ratio of 8.00, a P/E/G ratio of 0.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. Bread Financial has a 1-year low of $59.26 and a 1-year high of $114.53.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.50. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.02 earnings per share. As a group, equities analysts predict that Bread Financial will post 12.10 EPS for the current fiscal year.

Insider Buying and Selling at Bread Financial

In other news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares of the company’s stock, valued at $473,082.96. This represents a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BFH. BlackRock Inc. bought a new position in shares of Bread Financial in the 2nd quarter valued at about $421,314,000. Dimensional Fund Advisors LP lifted its holdings in Bread Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,086,060 shares of the company’s stock valued at $231,111,000 after buying an additional 9,854 shares during the period. Hsbc Holdings PLC bought a new position in Bread Financial in the second quarter valued at approximately $98,764,000. Bank of America Corp DE bought a new position in Bread Financial in the second quarter valued at approximately $65,806,000. Finally, Copeland Capital Management LLC bought a new position in Bread Financial in the third quarter valued at approximately $55,054,000. Institutional investors own 99.52% of the company’s stock.

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.