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

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, August 26th. Stockholders of record on Thursday, October 1st will be given 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 is Thursday, October 1st.

Raymond James Financial has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Raymond James Financial has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.4%

Raymond James Financial stock opened at $175.92 on Friday. Raymond James Financial has a 12-month low of $138.82 and a 12-month high of $182.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.03. The stock has a market capitalization of $33.84 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. The firm has a 50 day simple moving average of $169.79 and a 200-day simple moving average of $157.95.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 earnings per share. As a group, equities research analysts expect that Raymond James Financial will post 12.07 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.