Stifel Financial Corporation Plans Quarterly Dividend of $0.34 (NYSE:SF)

Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, June 1st will be given a dividend of 0.34 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st.

Stifel Financial has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 9 years. Stifel Financial has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stifel Financial to earn $6.74 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.2%.

Stifel Financial Stock Performance

SF opened at $70.16 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a fifty day moving average price of $75.26 and a 200 day moving average price of $79.39. Stifel Financial has a 1 year low of $61.21 and a 1 year high of $89.83. The stock has a market cap of $10.76 billion, a P/E ratio of 13.65 and a beta of 1.05.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Equities research analysts anticipate that Stifel Financial will post 6.25 earnings per share for the current year.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.