Capitol Federal Financial (CFFN) to Issue Quarterly Dividend of $0.09 on November 21st

Capitol Federal Financial (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, October 28th. Shareholders of record on Friday, November 7th will be given a dividend of 0.085 per share by the savings and loans company on Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, November 7th.

Capitol Federal Financial has decreased its dividend payment by an average of 0.2%annually over the last three years. Capitol Federal Financial has a payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capitol Federal Financial to earn $0.50 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 68.0%.

Capitol Federal Financial Stock Performance

CFFN opened at $6.23 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.27 and a current ratio of 1.26. Capitol Federal Financial has a 52-week low of $4.90 and a 52-week high of $7.20. The firm has a market cap of $826.82 million, a P/E ratio of 11.91 and a beta of 0.72. The business’s fifty day moving average is $6.34 and its 200-day moving average is $6.08.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, October 29th. The savings and loans company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Capitol Federal Financial had a net margin of 16.19% and a return on equity of 6.54%. The business had revenue of $54.57 million during the quarter, compared to analysts’ expectations of $53.46 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Sell-side analysts expect that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Insider Activity at Capitol Federal Financial

In other news, EVP Rick C. Jackson acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $6.05 per share, with a total value of $48,400.00. Following the acquisition, the executive vice president directly owned 156,752 shares in the company, valued at $948,349.60. The trade was a 5.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its position in Capitol Federal Financial by 0.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 334,834 shares of the savings and loans company’s stock worth $2,042,000 after buying an additional 1,872 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Capitol Federal Financial by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,368 shares of the savings and loans company’s stock valued at $191,000 after acquiring an additional 2,134 shares during the last quarter. State of Wyoming grew its stake in shares of Capitol Federal Financial by 13.2% in the first quarter. State of Wyoming now owns 18,689 shares of the savings and loans company’s stock worth $105,000 after purchasing an additional 2,173 shares during the last quarter. Financial Counselors Inc. increased its holdings in Capitol Federal Financial by 13.0% in the first quarter. Financial Counselors Inc. now owns 21,704 shares of the savings and loans company’s stock valued at $122,000 after purchasing an additional 2,500 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Capitol Federal Financial by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock worth $412,000 after purchasing an additional 3,036 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

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.