Bread Financial Holdings, Inc. - BFH STOCK NEWS

Bread Financial Holdings, Inc. (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share on its common stock. This dividend will be payable on June 16, 2023, to shareholders of record as of the close of business on May 12, 2023.

Based in Columbus, Ohio, Bread Financial is a tech-forward financial services company that provides personalized payment, lending, and saving solutions. The company aims to enhance customer experiences through digital solutions and a comprehensive product suite including credit cards and buy now, pay later options.

This dividend reflects the company’s ongoing commitment to returning value to its shareholders while maintaining its focus on sustainable and technologically-driven growth.

Bread Financial (NYSE: BFH) announced the awarding of $1 million in grants aimed at enhancing financial wellness for low to moderate income consumers across the United States. Over 165 applications were submitted, highlighting the competitive nature of the selection process. The grants, ranging from $20,000 to $100,000, are intended for organizations that align with Bread Financial's mission of economic equality and financial education.

The initiatives supported by these grants aim for significant outcomes, such as an average savings increase to $8,000 and employment for 81% of program graduates at an average wage of $20.80 per hour. This funding increases the company’s commitment to financial wellness initiatives to a total of $3.5 million.

Bread Financial Holdings, Inc. (NYSE: BFH) will host a conference call on April 27, 2023, at 8:30 a.m. ET to discuss its first quarter 2023 results. Participants can register for the call and access slides on the company’s investor relations website. A replay will be available starting two hours after the call until May 11, 2023, at 11:59 p.m. ET. Bread Financial focuses on offering personalized payment, lending, and saving solutions through a tech-forward approach, aiming to provide customers with financial flexibility and exceptional experiences.

Bread Financial has partnered with the Cleveland Cavaliers and The Nature Conservancy to plant over 58,000 trees globally. This collaboration aims to contribute to major forest restoration efforts, addressing climate change and biodiversity loss. On March 17, the company announced a donation of $116,592 to TNC's Plant a Billion Trees campaign during a Cavaliers game, equivalent to $2 for each attendee at three recent 'City Edition' game nights. This initiative aligns with Bread Financial's commitment to sustainability and environmental responsibility.

Calvin Hilton, Chief Diversity Officer at Bread Financial, champions the company's Operation Feed campaign aimed at addressing hunger in North Texas. This initiative, pivotal to the company's diversity, equity, and inclusion strategy, engages employees in fundraising and volunteering efforts. Since 2017, Hilton has worked with the North Texas Food Bank, where he actively participates in packing meals for children in need. Statistics reveal that one in six people in North Texas experiences hunger daily. Operation Feed represents a significant commitment to combat food insecurity and promote equity, ensuring that basic needs are met for vulnerable populations.

Bread Financial celebrates Women's History Month, highlighting the contributions and strength of female associates within the company. With 60% of associates identifying as female, Bread Financial promotes a culture of support and empowerment through various initiatives including mentorship panels and workshops. The company recognizes the unique needs of women, providing benefits such as back-up childcare and financial assistance for fertility treatments. Additionally, Bread Financial has been featured in the Bloomberg Gender-Equality index for five consecutive years, reflecting its commitment to gender equality and diversity. The celebration emphasizes the importance of an inclusive workplace culture.

Bread Financial Holdings (NYSE: BFH) released a performance update detailing its net loss and delinquency rates for February 2023. The company reported end-of-period credit card and other loans reaching $18,113 million, up from $16,799 million year-over-year. The net loss rate increased to 7.8% compared to 4.8% in February 2022, while the delinquency rate rose to 6.0%, up from 4.4% the previous year. The update indicates that these metrics were influenced by the sale of BJ’s Wholesale Club credit card portfolio and transitions in credit card processing services. Without these adjustments, net loss rates would have declined sequentially, reflecting seasonal trends.

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-driven financial services provider, will participate in the Wolfe Fintech Forum on March 15. EVP and CFO Perry Beberman is set to engage in a live fireside chat at 1:10 p.m. EDT, which will be accessible here and via the company's investor relations website. A replay will be available for 90 days post-event. Bread Financial specializes in payment, lending, and saving solutions, aiming to empower customers with digital tools.

Bread Financial (NYSE: BFH), a technology-driven financial services company, announced its participation in the RBC Capital Markets 2023 Global Financials Conference on March 8. The event will feature a fireside chat with President and CEO Ralph Andretta and CFO Perry Beberman, starting at 2:00 p.m. EST. The discussion will be broadcast live, accessible through their investor relations website and a replay will be available for 90 days post-event. Bread Financial offers innovative payment, lending, and saving solutions, enhancing customer experiences and financial flexibility.