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

Capitol Federal Financial, Inc. (NASDAQ:CFFN) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.085 per share by the savings and loans company on Friday, February 21st. This represents a $0.34 annualized dividend and a dividend yield of 5.93%.

Capitol Federal Financial has a 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 Trading Down 1.1 %

NASDAQ:CFFN traded down $0.07 during trading hours on Tuesday, reaching $5.74. 176,892 shares of the company were exchanged, compared to its average volume of 696,492. The stock has a 50 day simple moving average of $6.18 and a 200 day simple moving average of $6.12. Capitol Federal Financial has a 52-week low of $4.76 and a 52-week high of $7.20. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $761.44 million, a price-to-earnings ratio of 19.74 and a beta of 0.51.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director James G. Morris acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the transaction, the director now directly owns 85,995 shares in the company, valued at $588,205.80. This trade represents a 21.13 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by company insiders.

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.