Jefferies Financial Group Inc (NYSE:JEF) announced a quarterly dividend on Friday, July 27th, Wall Street Journal reports. Shareholders of record on Monday, September 17th will be paid a dividend of 0.125 per share by the financial services provider on Friday, September 28th. This represents a $0.50 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, September 14th. This is a boost from Jefferies Financial Group’s previous quarterly dividend of $0.10.

Jefferies Financial Group has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jefferies Financial Group to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 27.0%.

Shares of JEF opened at $22.90 on Thursday. Jefferies Financial Group has a fifty-two week low of $21.61 and a fifty-two week high of $28.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 13.88 and a beta of 1.16.

Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, July 26th. The financial services provider reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.15. Jefferies Financial Group had a return on equity of 4.52% and a net margin of 7.60%. The firm had revenue of $911.15 million for the quarter, compared to analysts’ expectations of $789.70 million. During the same period last year, the firm earned $0.16 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. analysts expect that Jefferies Financial Group will post 1.46 EPS for the current year.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on Jefferies Financial Group in a research report on Monday, August 20th. They set an “outperform” rating and a $29.00 target price on the stock. Zacks Investment Research upgraded Jefferies Financial Group from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Saturday, June 23rd. Finally, ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, offers a range of products and services in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses.

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