COLUMBUS, Ohio - Bread Financial Holdings, Inc. (NYSE: BFH), a financial services company, announced a quarterly cash dividend of $0.21 per share. The dividend is payable on June 14, 2024, to shareholders of record as of May 10, 2024.
Bread Financial, recognized for its digital-first approach in providing payment, lending, and saving solutions, aims to offer personalized and flexible financial options to its customers. The company's suite of payment solutions includes private label and co-brand credit cards, as well as Bread Pay™, a buy now, pay later product.
Bread Financial also offers direct-to-consumer products like the Bread Cashback™ American Express (NYSE:AXP)® Credit Card and Bread Savings™ products, designed to give customers more access and choice.
The company's commitment to technology and customer experience is reflected in its growth strategy, leveraging data insights and white-label technology to support its partners. Headquartered in Columbus, Ohio, Bread Financial emphasizes sustainable business practices and is supported by approximately 7,000 global associates.
The information provided here is based on a press release statement from Bread Financial Holdings, Inc.
InvestingPro Insights
Bread Financial Holdings, Inc. (NYSE: BFH) has continued its tradition of rewarding shareholders, declaring a consistent quarterly cash dividend amidst a backdrop of noteworthy financial metrics and market performance. The company's commitment to shareholder returns aligns with its robust revenue growth and a strong operating income margin. According to recent data from InvestingPro, Bread Financial has demonstrated remarkable revenue growth of 37.1% over the last twelve months as of Q4 2023, with an impressive operating income margin of 31.63% within the same period.
Investors may find Bread Financial's current P/E ratio of 2.45 particularly compelling, indicating the stock is trading at a low earnings multiple. This could suggest that the company's shares might be undervalued relative to its earnings, making it an attractive option for value investors. Additionally, the dividend yield stands at 2.36% as of early 2024, reinforcing the company's ability to maintain dividend payments for nine consecutive years—a testament to its financial stability and commitment to shareholders.
While the InvestingPro Tips highlight that the company's net income is expected to drop this year, it's worth noting that analysts remain optimistic about the company's profitability within the year. Moreover, the stock price has experienced a significant uptick, rising by 29.49% over the last six months. For investors seeking more in-depth analysis, there are 9 additional InvestingPro Tips available, providing a comprehensive overview of Bread Financial's market position and future outlook.
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