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

Raymond James Financial, Inc. (NYSE:RJF) announced 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 yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st.

Raymond James Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Raymond James Financial has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:RJF opened at $176.85 on Thursday. The company has a market cap of $34.02 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.07 and a beta of 0.92. The business has a 50 day moving average price of $169.39 and a 200 day moving average price of $157.93. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.43. Raymond James Financial has a twelve month low of $138.82 and a twelve month high of $182.73.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the business posted $2.18 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Research analysts predict 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.