Bread Financial announces $35M share repurchase program

Bread Financial announced that its Board of Directors has approved a new plan to purchase up to $35M of shares of the company’s common stock. As part of Bread Financial’s continued commitment to its stated capital priorities, the share buyback is designed to offset the impact of dilution associated with issuances of employee restricted stock units. In addition, Bread Financial today announced that its Board of Directors has declared a quarterly cash dividend of 21c per share on the company’s common stock, payable on September 15 to stockholders of record at the close of business on August 11.