Capitol Federal Financial (NASDAQ:CFFN) Plans Dividend Increase – $0.09 Per Share

Capitol Federal Financial (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 6th will be given a dividend of 0.085 per share by the savings and loans company on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, February 6th. This is a 112.5% increase from Capitol Federal Financial’s previous quarterly dividend of $0.04.

Capitol Federal Financial has decreased its dividend by an average of 0.2%per year over the last three years. Capitol Federal Financial has a payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. 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

Shares of Capitol Federal Financial stock traded up $0.29 on Wednesday, reaching $7.23. 556,399 shares of the stock were exchanged, compared to its average volume of 903,070. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.86. The business has a fifty day moving average price of $6.80 and a two-hundred day moving average price of $6.44. Capitol Federal Financial has a 1-year low of $4.90 and a 1-year high of $7.30. The firm has a market capitalization of $949.65 million, a PE ratio of 13.97 and a beta of 0.69.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $56.02 million. Capitol Federal Financial had a return on equity of 6.54% and a net margin of 16.19%. As a group, research analysts anticipate that Capitol Federal Financial will post 0.46 earnings per share for the current fiscal year.

About Capitol Federal Financial

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.