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

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.54 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, July 1st.

Raymond James Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 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 $13.56 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 15.9%.

Raymond James Financial Stock Performance

Shares of RJF opened at $155.45 on Friday. The company’s 50 day moving average price is $149.54 and its 200 day moving average price is $157.87. Raymond James Financial has a 52 week low of $138.82 and a 52 week high of $177.66. The company has a market capitalization of $30.29 billion, a PE ratio of 14.69, a PEG ratio of 1.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Research analysts expect that Raymond James Financial will post 11.83 EPS for the current fiscal year.

Raymond James Financial Company Profile

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.