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

Bread Financial Holdings, Inc. (NYSE:BFH) announced a quarterly dividend on Thursday, January 29th. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend 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. Research 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 Price Performance

Shares of BFH stock opened at $73.32 on Friday. The company has a market capitalization of $3.35 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.46 and a beta of 1.27. The company’s 50-day simple moving average is $72.95 and its two-hundred day simple moving average is $65.43. Bread Financial has a one year low of $38.21 and a one year high of $82.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $1.81. The firm had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities analysts anticipate that Bread Financial will post 6.45 EPS for the current year.

Bread Financial announced that its board has authorized a stock repurchase plan on Thursday, October 23rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.