Raymond James Financial Announces Quarterly Dividend Payments
Raymond James Financial Announces Quarterly Dividend Payments
On August 21, 2024, the Board of Directors of Raymond James Financial, Inc. (NYSE: RJF) declared a quarterly cash dividend on its common stock amounting to $0.45 per share. This dividend is set to be payable on October 15, 2024, to all shareholders who are recorded on October 1, 2024.
Preferred Stock Dividend Declaration
Additionally, the Board has declared a quarterly dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB). This dividend will be payable on October 1, 2024, to shareholders who hold shares as of September 13, 2024.
Company Overview: Raymond James Financial, Inc.
Raymond James Financial, Inc. is recognized as a leading diversified financial services provider. The firm offers a wide array of services including private client group, capital markets, asset management, and banking solutions tailored for individuals, corporations, and municipalities. With approximately 8,800 dedicated financial advisors, the company manages total client assets valued at $1.50 trillion. Publicly traded since 1983, Raymond James is listed on the New York Stock Exchange under the ticker symbol RJF.
Commitment to Shareholders
Raymond James has a long-standing commitment to returning value to its shareholders through consistent dividend payments. The declaration of these dividends is a testament to the Company's strong financial position and its dedication to maintaining a reliable distribution policy. As the firm continues to expand its services and increase its client base, the management remains optimistic about future dividend opportunities with sustainable growth.
Future Prospects for Dividends
The ongoing efforts by Raymond James to innovate and adapt to the changing financial landscape are expected to enhance its ability to deliver value to its shareholders consistently. As the firm addresses new market challenges and opportunities, it is likely to evaluate its dividend strategy regularly to reflect its financial health and operational performance.
Raymond James in the Financial Sector
As a significant player in the financial services industry, Raymond James stands out due to its comprehensive offerings and client-centric approach. The firm emphasizes building trust and long-term relationships with its clients, and its diversified business model enables it to cater to a broad spectrum of financial needs effectively.
Frequently Asked Questions
What is the declared dividend for common stock?
The declared dividend for common stock is $0.45 per share.
When will the dividends be paid?
The dividends for common stock will be paid on October 15, 2024, while the preferred stock dividends will be paid on October 1, 2024.
What is the ticker symbol for Raymond James Financial?
The ticker symbol for Raymond James Financial is RJF, and it is traded on the New York Stock Exchange.
How many financial advisors does Raymond James have?
Raymond James Financial employs approximately 8,800 financial advisors.
What total assets does Raymond James manage?
The firm manages total client assets that are valued at $1.50 trillion.
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