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

Capitol Federal Financial, Inc. (NASDAQ:CFFN) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors 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 dividend on an annualized basis and a yield of 5.93%.

Capitol Federal Financial has a dividend payout ratio of 66.7% 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 Price Performance

Shares of CFFN traded down $0.07 during trading hours on Tuesday, hitting $5.74. 176,892 shares of the company were exchanged, compared to its average volume of 696,492. The company has a market cap of $761.44 million, a price-to-earnings ratio of 19.74 and a beta of 0.51. Capitol Federal Financial has a fifty-two week low of $4.76 and a fifty-two week high of $7.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. The firm’s fifty day moving average is $6.18 and its 200 day moving average is $6.12.

Insider Buying and Selling at Capitol Federal Financial

In other news, Director James G. Morris acquired 15,000 shares of Capitol Federal Financial stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of $6.84 per share, with a total value of $102,600.00. Following the completion of the purchase, the director now owns 85,995 shares of the company’s stock, valued at approximately $588,205.80. The trade was a 21.13 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

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.