Bread Financial raises dividend 10%, increases share repurchase plan by $200M

Bread Financial (BFH) announced that its Board of Directors declared a quarterly cash dividend of 23c per share on the company’s common stock, a 10% increase from the prior quarterly dividend of 21c per share. The dividend is payable on December 12 to stockholders of record at the close of business on November 7. The company also announced that its Board of Directors approved a $200M increase to the company’s existing share repurchase authorization. As of the date of this release, the company had $140M remaining under its existing share repurchase authorization, bringing the total amount available for share repurchases to $340M. There is no expiration date for the authorization.