Capitol Federal Financial (NASDAQ:CFFN) Shareholders to Receive $0.09 Quarterly Dividend

Key Points

• Capitol Federal Financial declared a quarterly dividend of $0.085 per share, payable November 20 to shareholders of record November 6. The dividend equates to $0.34 annually and a 4.0% yield.
• The company’s dividend has declined by an average of 0.2% annually over the past three years, while its 61.8% payout ratio indicates earnings provide adequate coverage.
• Capitol Federal Financial recently exceeded quarterly expectations, reporting earnings of $0.19 per share versus the $0.17 consensus and revenue of $60.15 million versus $58.65 million expected.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.0850 per share by the savings and loans company on Friday, November 20th. This represents a $0.34 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 6th.

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

Capitol Federal Financial Price Performance

CFFN stock opened at $8.54 on Wednesday. The company's 50 day simple moving average is $8.55 and its 200-day simple moving average is $7.96. The firm has a market capitalization of $1.07 billion, a PE ratio of 13.14 and a beta of 0.70. Capitol Federal Financial has a 12 month low of $5.97 and a 12 month high of $9.26.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $60.15 million for the quarter, compared to analysts' expectations of $58.65 million.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is the holding company for Capitol Federal Savings Bank, a federally chartered savings bank headquartered in Topeka, Kansas. The bank primarily provides residential mortgage lending, including loans for the purchase and refinancing of single-family homes, along with commercial real estate, construction, consumer, and other lending products.

Capitol Federal Savings Bank also offers deposit services such as checking and savings accounts, money market accounts, certificates of deposit, and other transaction and savings products.

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