Stifel Financial Corporation (NYSE:SF) Declares $0.46 Quarterly Dividend

Key Points

• Stifel Financial Corporation declared a quarterly dividend of $0.46 per share, payable to shareholders on September 16th, indicating an annualized yield of 1.6%.
• The company reported $1.71 EPS for the last quarter, surpassing analyst expectations, with a year-over-year revenue increase of 5.4% to $1.28 billion.
• Stifel Financial's dividend payout ratio is 20.9%, suggesting that the dividend is well-covered by earnings, with predicted future earnings of $9.40 per share.

Stifel Financial Corporation (NYSE:SF - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.46 per share by the financial services provider on Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd.

Stifel Financial has a payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stifel Financial to earn $9.40 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 19.6%.

Stifel Financial Trading Up 1.3%

Stifel Financial stock traded up $1.46 during trading on Friday, reaching $111.76. 341,121 shares of the company were exchanged, compared to its average volume of 753,770. Stifel Financial has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a market capitalization of $11.42 billion, a P/E ratio of 21.66 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The stock's 50 day simple moving average is $104.88 and its two-hundred day simple moving average is $99.70.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $1.60 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.