dividend
confidence high
sentiment positive
materiality 0.75
Raymond James raises quarterly dividend 11.1% to $0.50; approves new $1.5B buyback
RAYMOND JAMES FINANCIAL INC
- Quarterly common dividend increased to $0.50/share ($0.45 prior), payable Jan 16, 2025 to holders of record Jan 2, 2025.
- Preferred stock dividend of $0.3984375 per depositary share (Series B) declared, payable Jan 2, 2025.
- Board authorized $1.5B common stock repurchase program, replacing prior authorization with ~$644M remaining.
- New repurchase authorization has no fixed expiration and may be suspended at any time at company's discretion.