Stifel Doubles Common Stock Cash Dividend

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on March 15, 2022, with the record date set for March 1, 2022. The company announced a remarkable 100% increase in its annual dividend, rising to $1.20 from $0.60. For 2021, Stifel reported record net revenues of $4.7 billion, a 26% increase year-over-year, with net income soaring to $789.3 million, or $6.66 per diluted share.

Positive

• Dividend increased by 100% to $1.20 annually, signaling strong financial health.
• Record net revenues of $4.7 billion, up 26% from 2020.
• Net income available to common shareholders of $789.3 million, a significant increase from the previous year.

Negative

• None.

ST. LOUIS, Jan. 26, 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 March 15, 2022, to shareholders of record at the close of business on March 1, 2022.

“I am pleased to announce that our Board of Directors has approved a 100% increase in our common dividend, to an annual dividend of $1.20 up from $0.60 per share. We have consistently grown our dividend since initiating it in 2017, and given our outlook for 2022, we are confident that we are generating sufficient capital to support this dividend, grow our balance sheet, make growth investments, including strategic acquisitions, and opportunistically buy back stock,” stated Ronald J. Kruszewski, Chairman and Chief Executive Officer.

Today, the company reported its 26^th year of consecutive record net revenues of $4.7 billion, up 26% over 2020. Net income available to common shareholders of $789.3 million, or $6.66 per diluted common share, compared with $476.2 million, or $4.16 per diluted common share in 2020. Non-GAAP net income available to common shareholders of $839.5 million, or $7.08 per diluted common share in 2021.

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. has declared a cash dividend of $0.30 per share.

When will Stifel Financial Corp. pay its dividend?

The dividend will be paid on March 15, 2022.

What is the new annual dividend rate for Stifel Financial Corp.?

The new annual dividend rate is $1.20 per share, up from $0.60.

What were Stifel's net revenues for 2021?

Stifel reported record net revenues of $4.7 billion for 2021.

How much was Stifel's net income in 2021?

Stifel's net income for 2021 was $789.3 million.