Raymond James Financial, Inc. (RJF) To Go Ex-Dividend on January 2nd

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Friday, January 2nd will be given a dividend of 0.54 per share by the financial services provider on Friday, January 16th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 2nd. This is a 8.0% increase from Raymond James Financial’s previous quarterly dividend of $0.50.

Raymond James Financial has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Raymond James Financial has a dividend payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Raymond James Financial to earn $12.04 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.6%.

Raymond James Financial Stock Up 2.5%

Shares of NYSE:RJF opened at $162.70 on Friday. The firm has a market capitalization of $32.00 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. Raymond James Financial has a 1 year low of $117.57 and a 1 year high of $177.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.04. The firm’s 50-day moving average is $161.35 and its two-hundred day moving average is $160.25.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business posted $2.95 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts predict that Raymond James Financial will post 11.17 EPS for the current year.

Raymond James Financial Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.