Raymond James Financial, Inc. (RJF) to Distribute Quarterly Dividend of $0.54 on July 15th

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, July 1st will be given a dividend of 0.54 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, July 1st.

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. Analysts expect Raymond James Financial to earn $13.52 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 16.0%.

Raymond James Financial Price Performance

Shares of Raymond James Financial stock opened at $150.52 on Monday. The business has a 50 day simple moving average of $152.72 and a two-hundred day simple moving average of $156.34. Raymond James Financial has a 12 month low of $138.82 and a 12 month high of $177.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05. The stock has a market capitalization of $29.33 billion, a P/E ratio of 14.23, a PEG ratio of 1.15 and a beta of 0.94.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.07. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.42 EPS. As a group, analysts predict that Raymond James Financial will post 11.82 EPS for the current fiscal 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.