Raymond James Financial Boosts Dividends and Initiates Buyback Plan
In a significant move aimed at returning value to shareholders, Raymond James Financial, Inc. (NYSE: RJF) has declared an increase in its quarterly cash dividend on common stock. This revelation comes as a positive development for shareholders who can anticipate receiving $0.54 per share, an improvement over the previous dividend of $0.50 per share.
Details of the Dividend Increase
The dividend increase, amounting to 8%, highlights the company’s commitment to financial strength and shareholder rewards. The new dividend will be payable on January 16, 2026, to those owning shares as of January 2, 2026. This reflects Raymond James Financial’s ongoing strategy to enhance shareholder returns amidst a dynamic market environment.
Authorization of Major Stock Repurchase
In addition to the dividend announcement, the Board of Directors has authorized a share repurchase program totaling up to $2 billion. This noteworthy initiative is set to replace a previous authorization of $1.5 billion. As of December 2, 2025, approximately $105 million remained from the former plan. The company intends to execute these repurchases at prices deemed appropriate, reflecting market conditions and other applicable factors.
Flexibility in Repurchase Strategy
The flexibility afforded by this buyback plan is important. The repurchases may occur in the open market, through privately negotiated transactions, and other methods as the Board sees fit. Notably, the authorization does not impose a fixed expiration date, demonstrating a long-term commitment to optimizing shareholder earnings without obligating the firm to a specific buyback amount.
Preferred Stock Dividend Declaration
Furthermore, the Board has declared a quarterly dividend for its depositary shares of the Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, known under the ticker symbol NYSE: RJF PrB. Shareholders will receive $0.3984375 per depositary share, payable on January 1, 2026, to those recorded by December 15, 2025. This underscores the company’s sustained commitment to its preferred shareholders as well.
Series B Preferred Stock Redemption
In a related development, Raymond James Financial has announced the impending redemption of all outstanding shares of its Series B Preferred Stock on January 2, 2026. This proactive step is part of a broader strategy to manage capital and optimize the financial structure of the firm while ensuring that shareholders are kept informed of significant changes.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. stands out as a leading diversified financial services entity. With its comprehensive services that include private client groups, capital markets, asset management, and banking, the firm caters to individuals, corporations, and municipal clients. With a total client asset portfolio worth approximately $1.75 trillion, Raymond James has a robust presence in the finance sector. The firm has been publicly traded since 1983 under NYSE: RJF.
Frequently Asked Questions
What is the new dividend amount declared by Raymond James Financial?
The new dividend amount declared is $0.54 per share, an increase from the previous $0.50.
How much has Raymond James Financial authorized for stock repurchase?
Raymond James Financial has authorized a stock repurchase plan totaling up to $2 billion.
When is the preferred stock dividend payable?
The preferred stock dividend of $0.3984375 per depositary share is payable on January 1, 2026.
What significant change is happening regarding the Series B Preferred Stock?
The company is set to redeem all outstanding Series B Preferred Stock on January 2, 2026.
What services does Raymond James Financial offer?
Raymond James Financial offers a diverse range of financial services, including asset management, banking, and capital markets, among others.
