Raymond James Financial Declares Quarterly Dividends on Common and Preferred Stock
On May 20, 2024, Raymond James Financial's Board of Directors announced quarterly dividends for both common and preferred stock. A dividend of $0.45 per share on common stock (NYSE: RJF) will be payable on July 15, 2024, to shareholders on record as of July 1, 2024. Additionally, a dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB) will be payable on July 1, 2024, to shareholders on record as of June 14, 2024.
- Quarterly dividend of $0.45 per common share, showing financial stability.
- Dividend of $0.3984375 per preferred share, indicating consistent returns for preferred shareholders.
- Dividends payable in July 2024, assuring near-term returns.
- No mention of revenue or profit metrics, leaving financial performance unclear.
- Potential dilution concerns as dividends are spread across a large shareholder base.
- Market volatility could impact dividend's perceived value.
ST. PETERSBURG, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, the Raymond James Financial, Inc. (NYSE: RJF) Board of Directors declared a quarterly cash dividend on shares of its common stock of
The Board declared a quarterly dividend of
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 8,800 financial advisors. Total client assets are
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 declared dividend for Raymond James Financial common stock (RJF) in May 2024?
When is the dividend payout date for Raymond James Financial common stock (RJF)?
What is the dividend amount for Raymond James Financial Series B Preferred Stock (RJF PrB)?
When will Raymond James Financial Series B Preferred Stock (RJF PrB) dividends be paid?
What is the record date for Raymond James Financial Series B Preferred Stock (RJF PrB) dividend?
