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, payable on June 15, 2020, to shareholders recorded by June 1, 2020. Additionally, dividends for its 6.25% Non-Cumulative Perpetual Preferred Stock, Series A and B, were announced at $0.390625 per depositary share, also payable on June 15, 2020. This move signals the company's commitment to returning value to its shareholders amidst ongoing operations in banking and financial services.

Positive

• Declared cash dividend of $0.17 per common share enhances shareholder value.
• Continuing to pay dividends on preferred stock indicates financial stability.

Negative

• None.

ST. LOUIS, May 06, 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 June 15, 2020, to shareholders of record at the close of business on June 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”) and 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”). The declared cash dividend on the Series A Preferred Stock and the Series B Preferred Stock is for the period from March 15, 2020, up to, but excluding June 15, 2020. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Preferred Stock outstanding. The cash dividend is payable on June 15, 2020 to shareholders of record on June 1, 2020. 

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

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. has declared a cash dividend of $0.17 per share.

When is the dividend for Stifel Financial Corp. payable?

The dividend is payable on June 15, 2020.

What is the record date for Stifel Financial Corp.'s dividend?

The record date for the dividend is June 1, 2020.

What are the dividends for Stifel's preferred stock?

The declared cash dividend for the Series A and Series B Preferred Stock is approximately $0.390625 per depositary share.