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

Capitol Federal Financial, Inc. (NASDAQ:CFFN - Get Free Report) announced a quarterly dividend on Tuesday, April 22nd, RTT News reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.085 per share by the savings and loans company on Friday, May 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, May 2nd.

Capitol Federal Financial has a dividend 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 Trading Up 0.2 %

Shares of CFFN traded up $0.01 during trading hours on Friday, hitting $5.70. The company had a trading volume of 1,494,101 shares, compared to its average volume of 786,342. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.11. Capitol Federal Financial has a 52-week low of $4.76 and a 52-week high of $7.20. The stock's 50 day moving average price is $5.59 and its 200 day moving average price is $6.02. The firm has a market cap of $756.88 million, a P/E ratio of 14.62 and a beta of 0.52.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The savings and loans company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $48.79 million during the quarter, compared to analyst estimates of $47.81 million. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. On average, research analysts predict that Capitol Federal Financial will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their target price 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 Activity at Capitol Federal Financial

In other news, EVP Rick C. Jackson purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $5.88 per share, for a total transaction of $58,800.00. Following the purchase, the executive vice president now directly owns 191,428 shares in the company, valued at approximately $1,125,596.64. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James G. Morris acquired 15,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $5.66 per share, for a total transaction of $84,900.00. Following the completion of the transaction, the director now directly owns 100,995 shares in the company, valued at $571,631.70. The trade was a 17.44 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 60,000 shares of company stock valued at $341,050 in the last 90 days. Corporate insiders own 3.20% of the company's stock.

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.