Stifel Financial Corporation (SF) to Issue Quarterly Dividend of $0.34 on September 15th

Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be given a dividend of 0.34 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Stifel Financial has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 9 years. Stifel Financial has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stifel Financial to earn $7.06 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.3%.

Stifel Financial Stock Up 0.6%

Stifel Financial stock opened at $81.31 on Friday. Stifel Financial has a 1-year low of $67.81 and a 1-year high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The stock has a market cap of $12.28 billion, a PE ratio of 14.55 and a beta of 0.99. The stock’s fifty day moving average is $78.90 and its two-hundred day moving average is $76.33.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business earned $1.71 EPS. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts expect that Stifel Financial will post 6.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SF has been the subject of several recent analyst reports. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.90.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.