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

Capitol Federal Financial, Inc. (NASDAQ:CFFN) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Friday, November 1st will be paid a dividend of 0.085 per share by the savings and loans company on Friday, November 15th. This represents a $0.34 dividend on an annualized basis and a yield of 5.55%.

Capitol Federal Financial has a dividend payout ratio of 82.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Capitol Federal Financial to earn $0.37 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 91.9%.

Capitol Federal Financial Trading Up 1.5 %

NASDAQ:CFFN opened at $6.13 on Wednesday. The company has a market cap of $819.78 million, a P/E ratio of -6.52 and a beta of 0.49. Capitol Federal Financial has a twelve month low of $4.22 and a twelve month high of $6.82. The business has a 50 day moving average price of $5.85 and a two-hundred day moving average price of $5.58. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.25.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $99.70 million during the quarter, compared to the consensus estimate of $47.23 million. Capitol Federal Financial had a positive return on equity of 4.02% and a negative net margin of 33.33%. During the same period in the prior year, the firm earned $0.06 EPS. As a group, analysts expect that Capitol Federal Financial will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CFFN has been the topic of several analyst reports. StockNews.com raised shares of Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their target price on Capitol Federal Financial from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Piper Sandler raised their price target on Capitol Federal Financial from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th.

About Capitol Federal Financial

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.