Raymond James Financial (NYSE:RJF) has declared a quarterly dividend of $0.54 per share, translating to an annualized $2.16 and a yield of approximately 1.4%. The company has consistently raised its dividend for the past three years, with a comfortable payout ratio of 19.5% which is expected to decrease to 17.9% next year based on analyst EPS forecasts. Despite slightly missing revenue estimates, the firm recently exceeded EPS expectations, reinforcing its “Hold” consensus rating and an average price target of $182.17 among analysts.
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Raymond James Financial, Inc. (NYSE:RJF) Plans Quarterly Dividend of $0.54
Raymond James Financial (NYSE:RJF) has declared a quarterly dividend of $0.54 per share, translating to an annualized $2.16 and a yield of approximately 1.4%. The company has consistently raised its dividend for the past three years, with a comfortable payout ratio of 19.5% which is expected to decrease to 17.9% next year based on analyst EPS forecasts. Despite slightly missing revenue estimates, the firm recently exceeded EPS expectations, reinforcing its “Hold” consensus rating and an average price target of $182.17 among analysts.