Raymond James Financial Announces Quarterly Dividends Updates
Raymond James Financial's Recent Dividend Announcements
Raymond James Financial, Inc. is taking significant steps in its shareholder return strategy by declaring cash dividends on both its common and preferred stock. The Board of Directors took this initiative, showcasing the company's commitment to enhancing shareholder value.
Common Stock Dividend Details
On a recent board meeting, Raymond James Financial declared a cash dividend of $0.50 per share on its common stock. This payment, which will reach shareholders on April 15, 2025, reflects the company's ongoing financial strength and commitment to returning capital to its shareholders.
Record Date for Common Stock Dividend
The cutoff for eligibility for this dividend is set for April 1, 2025. All shareholders on record by this date will receive the dividend payment, illustrating the company's transparent and shareholder-friendly approach.
Preferred Stock Dividend Insights
In parallel with the common stock dividend, the Board also declared a dividend of $0.3984375 per depositary share on the Series B Non-Cumulative Perpetual Preferred Stock. This dividend is scheduled to be paid on April 1, 2025, to those shareholders who are on record as of March 14, 2025.
Significance of Preferred Stock Dividends
This announcement underlines the importance Raymond James Financial places on its preferred shareholders. Such dividends contribute to the overall attractiveness of the company's equity and demonstrate financial resilience.
Company Profile: Understanding Raymond James Financial
Founded in 1962, Raymond James Financial, Inc. has evolved into a significant player in the financial services industry. This diversified firm provides a comprehensive array of services including private client group offerings, capital markets solutions, asset management, and banking services, catering to individuals, corporations, and municipalities alike.
Current Financial Landscape
With total client assets amounting to an impressive $1.59 trillion, the firm showcases significant growth and stability. Being publicly traded since 1983, the company is listed on the New York Stock Exchange under the symbol RJF.
Further Information and Contacts
In the dynamic landscape of finance, maintaining transparency with stakeholders is crucial. Raymond James is committed to providing pertinent information through its communication channels. Interested parties can find more insights about the company on their official website.
Investor Relations Contacts
For media inquiries, contact Steve Hollister at 727.567.2824. Investors can reach out to Kristina Waugh at 727.567.7654 for further details on company performance and future developments.
Frequently Asked Questions
What is the common stock dividend amount declared by Raymond James?
The common stock dividend announced is $0.50 per share.
When will the dividends be paid?
The dividend for common stock will be paid on April 15, 2025, while the preferred stock dividend will be paid on April 1, 2025.
What does RJF stand for?
RJF is the stock ticker symbol for Raymond James Financial, Inc. on the New York Stock Exchange.
How can shareholders stay updated on dividends?
Shareholders can stay informed by regularly checking the company’s official website and following communications from investor relations.
What sectors does Raymond James Financial serve?
Raymond James serves a diverse clientele including individuals, corporations, and municipalities, offering a range of financial services.
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