Stifel Financial Corporation Announces Quarterly Dividend of $0.46 (NYSE:SF)

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, December 1st will be paid a dividend of 0.46 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st.

Stifel Financial has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 9 years. Stifel Financial has a payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stifel Financial to earn $9.40 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 19.6%.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $119.46 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The business’s 50 day moving average price is $114.08 and its 200-day moving average price is $106.15. The firm has a market capitalization of $12.21 billion, a PE ratio of 21.11 and a beta of 1.19. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $120.97.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The business’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. As a group, equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SF shares. UBS Group set a $135.00 price objective on Stifel Financial in a research note on Thursday, October 9th. Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. BMO Capital Markets started coverage on Stifel Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $121.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.