Raymond James Financial, Inc. (NYSE:RJF) Declares $0.54 Quarterly Dividend

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, August 26th. Investors of record on Thursday, October 1st will be paid a dividend of 0.54 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st.

Raymond James Financial has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Raymond James Financial has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Raymond James Financial to earn $12.72 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 17.0%.

Raymond James Financial Stock Up 1.2%

Shares of NYSE RJF opened at $176.85 on Thursday. The firm has a market cap of $34.02 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.06. Raymond James Financial has a 1 year low of $138.82 and a 1 year high of $182.73. The firm’s 50 day moving average price is $169.39 and its 200 day moving average price is $157.93.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%.The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Raymond James Financial will post 12.07 earnings per share 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.