Stifel Financial Boosts Common Stock Dividend and Updates Investors
Stifel Financial Corp. Announces Dividend Increase
Stifel Financial Corp. (NYSE: SF) is making headlines with the recent decision by its Board of Directors to increase the cash dividend on common stock by an impressive 10%. The new cash dividend stands at $0.46 per share, a move that is sure to please shareholders as they prepare for the upcoming payment scheduled for March 17.
Details on the Preferred Stock Dividends
In addition to the elevated common stock dividend, shareholders will be happy to learn about the announced dividends on various series of preferred stock by Stifel Financial. The Series B, Series C, and Series D Non-Cumulative Perpetual Preferred Stocks will also be receiving cash dividends, ensuring that all equity stakeholders benefit from the company's growth.
Breakdown of Preferred Stock Dividends
The Board declared cash dividends that equate to approximately $0.390625 per depositary share for Series B, $0.3828125 for Series C, and $0.281250 for Series D. This means that for common stock and preferred stock holders alike, positive financial performance is being passed through in the form of dividends.
Impact of Dividend Increase on Shareholders
This 10% increase in the common stock dividend is not just a financial decision; it's a statement of Stifel's commitment to delivering value to its investors. By enhancing shareholder returns, Stifel demonstrates its confidence in robust business performance and sustainable growth. Investors often look at consistent and increasing dividends as a sign of a healthy company, making this announcement quite meaningful.
Encouraging Financial Health
The timing of this dividend increase is particularly interesting considering the market dynamics and economic conditions. It reflects well on Stifel's strategic management and potential for profitability amid changing financial landscapes. Investors will appreciate the stability in dividends during uncertain times, further bolstering trust in the company's vision and leadership.
Stifel Financial: A Snapshot of Operations
Headquartered in St. Louis, Missouri, Stifel Financial Corp. is not only advancing its dividend policies but is also known for its extensive array of financial services. Operating through several wholly owned subsidiaries, Stifel provides banking, securities, and investment services across the globe. From investment banking to advisory services, the firm is dedicated to catering to individual investors and institutional clients.
Diverse Business Model
Stifel's comprehensive service offerings through various divisions, such as Stifel Nicolaus & Company and Keefe, Bruyette & Woods, position them well to adapt to the market's needs. Their emphasis on quality client service and optimal financial solutions reinforces their reputation in the financial industry.
Investor Relations: Keeping Shareholders Informed
As a leading financial services company, Stifel prioritizes transparent communication with its investors. The company maintains an open line of dialogue regarding financial performance, strategic decisions, and dividend declarations. This approach not only builds confidence among shareholders but also helps them understand the broader financial landscape as it pertains to Stifel.
Contact Information for Investors
For further inquiries, investors can reach out to Joel Jeffrey, Senior Vice President at Stifel Financial, directly via the provided contact details. This ensures stakeholders have the resources they need to stay informed about their investments.
Frequently Asked Questions
What is the new cash dividend per share announced by Stifel?
The new cash dividend announced by Stifel Financial is $0.46 per share, reflecting a 10% increase from previous dividends.
When will the common stock dividends be paid?
The common stock dividends are payable on March 17, with the shareholder record date set for March 3.
What are the cash dividends for the preferred stocks?
Preferred stock dividends are approximately $0.390625 for Series B, $0.3828125 for Series C, and $0.281250 for Series D, based on depositary shares.
Where is Stifel Financial Corp. headquartered?
Stifel Financial Corp. is headquartered in St. Louis, Missouri, operating throughout various global financial markets.
How can investors contact Stifel for more information?
Investors can contact Joel Jeffrey, Senior Vice President at Stifel Financial, via phone or email for any inquiries related to investor relations.
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