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

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) declared a quarterly cash dividend of $0.30 per share on common stock, payable on September 15, 2022, to shareholders of record on September 1, 2022. Additionally, dividends were declared for the Series B, C, and D Non-Cumulative Perpetual Preferred Stocks, amounting to approximately $0.390625, $0.3828125, and $0.281250 per depositary share, respectively. These preferred stock dividends are for the period ending September 15, 2022. This announcement reflects Stifel's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.30 per common share signifies strong shareholder returns.
• Preferred stocks receive substantial dividends, enhancing their attractiveness to investors.

Negative

• None.

ST. LOUIS, Aug. 03, 2022 (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 $0.30 per share, payable September 15, 2022, to shareholders of record at the close of business on September 1, 2022.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”). The declared cash dividend on the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock is for the period from June 15, 2022, up to, but excluding, September 15, 2022. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the 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 declared cash dividend equated to approximately $0.281250 per depositary share, or $281.250 per share of the Series D Preferred Stock outstanding. The cash dividends are payable on September 15, 2022 to shareholders of record on September 1, 2022.

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

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 Stifel Independent Advisors, LLC. 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                                               
Joel Jeffrey, (212) 271-3610
investorrelations@stifel.com

FAQ

What is the dividend amount declared by Stifel Financial Corp.?

Stifel Financial Corp. declared a cash dividend of $0.30 per share on its common stock.

When is the dividend payment date for Stifel's common stock?

The dividend payment date is September 15, 2022.

Who are the shareholders eligible for the dividend?

Shareholders of record at the close of business on September 1, 2022, are eligible for the dividend.

What are the dividend details for Stifel's preferred stocks?

Dividends for Series B, C, and D Preferred Stocks are approximately $0.390625, $0.3828125, and $0.281250 per depositary share, respectively.