Capitol Federal Financial, Inc. (NASDAQ:CFFN) Plans Quarterly Dividend of $0.09

Capitol Federal Financial, Inc. (NASDAQ:CFFN) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 7th will be given a dividend of 0.085 per share by the savings and loans company on Friday, February 21st. This represents a $0.34 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, February 7th.

Capitol Federal Financial has a dividend payout ratio of 65.4% indicating that its dividend is sufficiently covered by earnings. 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 Up 2.2 %

Shares of NASDAQ:CFFN opened at $6.07 on Wednesday. The firm has a market cap of $805.94 million, a P/E ratio of 15.69 and a beta of 0.50. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 2.11. The company’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $6.11. Capitol Federal Financial has a 12 month low of $4.76 and a 12 month high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last released its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. As a group, research analysts forecast that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price target on Capitol Federal Financial from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, January 30th.

Insider Buying and Selling

In related news, Director Jeffrey M. Johnson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $29,850.00. Following the completion of the acquisition, the director now directly owns 102,900 shares of the company’s stock, valued at approximately $614,313. This trade represents a 5.11 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James G. Morris purchased 15,000 shares of Capitol Federal Financial stock in a transaction on Monday, December 2nd. The stock was bought at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the transaction, the director now directly owns 85,995 shares in the company, valued at approximately $588,205.80. The trade was a 21.13 % increase in their position. The disclosure for this purchase can be found here. 3.20% of the stock is owned by insiders.

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.