Stifel Financial Corporation (SF) to Distribute Quarterly Dividend of $0.34 on December 15th

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Monday, November 2nd. Investors of record on Tuesday, December 1st will be given a dividend of $0.34 per share by the financial services provider on Tuesday, December 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 1st.

Stifel Financial has raised its dividend by an average of 0.3% per year over the last three years and has raised its dividend every year for the last 9 years. Stifel Financial has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stifel Financial to earn $6.84 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 19.9%.

Stifel Financial Stock Performance

Stifel Financial stock opened at $68.59 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market capitalization of $10.36 billion, a P/E ratio of 11.29 and a beta of 1.01. Stifel Financial has a 1-year low of $65.40 and a 1-year high of $89.83. The company’s 50-day moving average is $72.83 and its 200 day moving average is $76.10.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. Research analysts forecast that Stifel Financial will post 6.08 EPS for the current year.

About Stifel Financial

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.