Raymond James Financial, Inc. (RJF) to Issue Quarterly Dividend of $0.54 on January 16th

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.54 per share by the financial services provider on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, January 2nd. This is a 8.0% increase from Raymond James Financial’s previous quarterly dividend of $0.50.

Raymond James Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Raymond James Financial has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Raymond James Financial to earn $12.04 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 17.9%.

Raymond James Financial Trading Down 0.4%

Shares of RJF traded down $0.62 during trading hours on Wednesday, hitting $161.94. 56,720 shares of the stock traded hands, compared to its average volume of 1,268,192. The business has a fifty day moving average of $160.66 and a 200-day moving average of $162.56. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $31.85 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. Raymond James Financial has a 1-year low of $117.57 and a 1-year high of $177.66.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.28. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.95 earnings per share. Analysts expect that Raymond James Financial will post 11.17 EPS for the current year.

About Raymond James Financial

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.