Raymond James Financial Declares Quarterly Dividends on Common and Preferred Stock

Rhea-AI Summary

On February 24, 2023, Raymond James Financial, Inc. (NYSE: RJF) announced a quarterly cash dividend of $0.42 per share, payable on April 17, 2023, to shareholders of record by April 3, 2023. Additionally, the Board declared dividends of $0.421875 for Series A Preferred Stock and $0.3984375 for Series B Preferred Stock, payable on April 3, 2023, to shareholders recorded by March 15, 2023. The company serves individuals, corporations, and municipalities with approximately 8,700 financial advisors and total client assets of $1.22 trillion.

Positive

• Declaring a cash dividend of $0.42 per common share demonstrates strong cash flow and confidence in financial stability.
• The total client assets reaching $1.22 trillion indicates robust business growth and customer trust.
• The presence of approximately 8,700 financial advisors supports sustained service quality and market expansion.

Negative

• None.

ST. PETERSBURG, Fla., Feb. 24, 2023 (GLOBE NEWSWIRE) -- On February 24, 2023, the Raymond James Financial, Inc. (NYSE: RJF) Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.42 per share, payable April 17, 2023 to shareholders of record on April 3, 2023.

The Board 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 April 3, 2023, to shareholders of record on March 15, 2023. 

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 $1.22 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 amount of the latest dividend declared by Raymond James Financial, Inc. (RJF)?

The latest dividend declared is $0.42 per share.

When will the dividend for Raymond James Financial (RJF) be paid?

The dividend will be paid on April 17, 2023.

What is the record date for the latest dividend of RJF?

The record date for the latest dividend is April 3, 2023.

Are there any dividends declared for preferred stocks by RJF?

Yes, dividends of $0.421875 for Series A and $0.3984375 for Series B Preferred Stock have also been declared.

What are the payment dates for the preferred stock dividends of RJF?

The preferred stock dividends will be paid on April 3, 2023.