Stifel Financial Corporation Declares Quarterly Dividend of $0.34 (NYSE:SF)

Key Points

• Stifel Financial declared a quarterly dividend of $0.34 per share, payable September 15 to shareholders of record on September 1. The annualized dividend is $1.36, implying a 1.6% yield.
• The company has increased its dividend for nine consecutive years, with a 15.4% payout ratio and an expected future payout ratio of 19.3%, indicating substantial earnings coverage.
• Stifel’s latest quarterly results exceeded expectations, with EPS of $1.42 versus the $1.33 consensus and revenue of $1.45 billion, up 13% year over year.

Stifel Financial Corporation (NYSE:SF - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.34 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

Stifel Financial has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 9 years. Stifel Financial has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stifel Financial to earn $7.06 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.3%.

Stifel Financial Stock Up 0.4%

NYSE:SF opened at $84.38 on Thursday. The firm has a market capitalization of $12.94 billion, a PE ratio of 15.10 and a beta of 0.99. Stifel Financial has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $75.09 and a 200-day moving average of $76.54.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. Analysts predict that Stifel Financial will post 6.36 EPS for the current year.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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