Stifel Financial (SF) Raises Quarterly Dividend 13.3% to $0.17; Approves 10M Share Buyback

Stifel Financial (NYSE: SF) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 13.3% increase from the prior dividend of $0.15.

The dividend will be payable on March 16, 2020, to stockholders of record on March 2, 2020, with an ex-dividend date of February 28, 2020.

The annual yield on the dividend is 1 percent.

More:

Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has increased the company’s share repurchase authorization to 10 million shares. The Board’s authorization does not have a fixed expiration date and shares may be repurchased through open market or privately negotiated transactions based on prevailing market conditions.

In addition to the increased share repurchase authorization, the Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.17 per share, up 13 percent from $0.15 per share in the previous quarter, payable March 16, 2020, to shareholders of record at the close of business on March 2, 2020.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”) and 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”). The declared cash dividend on the Series A Preferred Stock and the Series B Preferred Stock is for the period from December 15, 2019, up to, but excluding March 15, 2020. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Preferred Stock outstanding. The cash dividend is payable on March 16, 2020 to shareholders of record on March 2, 2020.

The Company’s Series A Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrA.” and the Company’s Series B Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrB.”

For a dividend history and other dividend-related data on Stifel Financial (SF) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• First Industrial Realty (FR) Declares $0.50 Quarterly Dividend; 3.2% Yield
• Carpenter Technology adds $1B share buyback after exhausting prior $400M plan