Stifel Declares Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.17 per share on its common stock, payable on December 15, 2020, to shareholders on record as of December 1, 2020. Additionally, the company announced dividends for its Series A, B, and C Preferred Stocks, amounting to approximately $0.390625 and $0.3828125 per depositary share, respectively, also payable on December 15, 2020. This maintains Stifel's commitment to returning value to its shareholders.

Positive

• Common stock dividend of $0.17 per share reflects company confidence.
• Preferred stock dividends enhance overall shareholder returns.

Negative

• None.

ST. LOUIS, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.17 per share, payable December 15, 2020, to shareholders of record at the close of business on December 1, 2020.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”), 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), and 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”). The declared cash dividend on the Series A Preferred Stock, the Series B Preferred Stock, and Series C Preferred Stock is for the period from September 15, 2020, up to, but excluding December 15, 2020. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Series A Preferred Stock and Series B Preferred Stock outstanding. The declared cash dividend equated to approximately $0.3828125 per depositary share, or $382.8125 per share of the Series C Preferred Stock outstanding. The cash dividend is payable on December 15, 2020 to shareholders of record on December 1, 2020.

The Company’s Series A Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrA.”, the Company’s Series B Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrB.”, and the Company’s Series C Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrC.”

Stifel Company Information

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Stifel Investor Relations Contact
Joel Jeffrey, Senior Vice President
(212) 271-3610 direct
investorrelations@stifel.com

FAQ

What is the dividend amount for Stifel Financial Corp. (SF) common stock?

The dividend amount for Stifel Financial Corp. (SF) common stock is $0.17 per share.

When is the dividend for Stifel Financial Corp. (SF) payable?

The dividend is payable on December 15, 2020.

What are the preferred stock dividend amounts for Stifel Financial Corp. (SF)?

The cash dividend is approximately $0.390625 per share for Series A and B, and $0.3828125 per share for Series C.

Who are the shareholders of record for the dividend payment?

Shareholders of record are those on record as of December 1, 2020.