Raymond James Financial Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

Raymond James Financial, Inc. (NYSE: RJF) announced a quarterly dividend of $0.421875 per depositary share of 6.75% Fixed-to-Floating Rate Series A Preferred Stock and $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Preferred Stock on June 1, 2022. The dividends are payable on July 1, 2022, to shareholders on record by June 15, 2022. This action reflects the company's ongoing commitment to shareholder value amidst its strong financial performance, with total client assets amounting to $1.18 trillion.

Positive

• Declared quarterly dividends of $0.421875 and $0.3984375 for Series A and Series B preferred stocks, respectively.
• Total client assets reached $1.18 trillion, indicating robust financial health.

Negative

• None.

ST. PETERSBURG, Fla., June 01, 2022 (GLOBE NEWSWIRE) -- On June 1, 2022, the Raymond James Financial, Inc. (NYSE: RJF) Board of Directors declared a quarterly dividend of $0.421875 per depositary share of 6.75% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (NYSE:  RJF PrA) and $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE:  RJF PrB), in each case payable on July 1, 2022, to holders of record as of June 15, 2022. 

 

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.18 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

Forward-Looking Statements

Certain statements made in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future shareholder distributions. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the “SEC”) from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.raymondjames.com and the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.

FAQ

What is the dividend amount declared by Raymond James Financial for RJF?

The declared dividend amounts are $0.421875 for Series A and $0.3984375 for Series B.

When is the dividend payment date for RJF?

The dividend payment date is July 1, 2022.

When is the record date for the dividend payment for RJF?

The record date for the dividend payment is June 15, 2022.

How much are the dividends for Series A and Series B preferred stocks of RJF?

Series A has a dividend of $0.421875 and Series B has $0.3984375 per depositary share.

What is the significance of the dividends declared by RJF?

The dividends indicate the company's strong commitment to returning value to shareholders.