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

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) announced a cash dividend of $0.15 per share on common stock, marking a 32% increase from the previous quarter. This dividend is payable on March 15, 2021, to shareholders of record by March 1, 2021. Additionally, cash dividends were declared for the Series A, B, and C Non-Cumulative Perpetual Preferred Stock, amounting to approximately $0.39 per depositary share for Series A and B, and $0.38 for Series C, also payable on March 15, 2021.

Positive

• 32% increase in common stock dividend reflects company confidence.
• Dividend of $0.15 per share provides income for shareholders.
• Continued dividends on preferred stocks indicate financial stability.

Negative

• None.

ST. LOUIS, Feb. 03, 2021 (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 $0.15 per share, payable March 15, 2021, to shareholders of record at the close of business on March 1, 2021. As previously announced on November 11, 2020, this represents a 32% increase in our quarterly common stock dividend.

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 December 15, 2020, up to, but excluding March 15, 2021. 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 March 15, 2021 to shareholders of record on March 1, 2021.

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)?

Stifel Financial Corp. declared a cash dividend of $0.15 per share on its common stock.

When will the dividend be paid to shareholders of Stifel Financial Corp. (SF)?

The dividend will be payable on March 15, 2021, to shareholders of record on March 1, 2021.

What dividends were declared for Stifel's preferred stocks?

The dividends declared for Series A and B Preferred Stock are approximately $0.39 per depositary share, and for Series C Preferred Stock, it's approximately $0.38.