Raymond James Financial, Inc. (NYSE: RJF) declared a quarterly cash dividend on its common stock of $0.54 per share, a 8% increase over the previous dividend.
The company also announced an increased common stock repurchase authorization of up to $2 billion.
Additionally, a quarterly dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB) was declared.
Quarterly Dividend Increase
The quarterly dividend on common stock increased by 8% to $0.54 per share, reflecting continued financial strength.
Stock Repurchase Authorization
Raymond James Financial authorized the repurchase of up to $2 billion of its common stock, replacing the prior authorization.
Preferred Stock Dividend
A quarterly dividend of $0.3984375 per share of Series B Preferred Stock was declared, with redemption on January 2, 2026.
- The increase in quarterly dividends demonstrates the company's commitment to returning value to shareholders and confidence in its financial performance.
- The additional $2 billion repurchase authorization signals the company's positive outlook and ability to invest in its own shares, potentially boosting stock price.
Raymond James Financial's dividend and repurchase actions reflect a strong financial position and management's strategic approach to capital allocation.