Jefferies Financial Group Inc (NYSE:JEF) announced a quarterly dividend on Friday, March 29th, Wall Street Journal reports. Investors of record on Monday, May 20th will be paid a dividend of 0.125 per share by the financial services provider on Friday, May 31st. This represents a $0.50 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, May 17th.
Jefferies Financial Group has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jefferies Financial Group to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 35.0%.
NYSE:JEF opened at $18.92 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 23.36 and a beta of 1.36. Jefferies Financial Group has a 1-year low of $16.20 and a 1-year high of $25.07.
Jefferies Financial Group (NYSE:JEF) last posted its earnings results on Thursday, March 28th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10). The firm had revenue of $828.40 million during the quarter, compared to analyst estimates of $1.03 billion. Jefferies Financial Group had a net margin of 10.07% and a return on equity of 6.70%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities analysts expect that Jefferies Financial Group will post 1.16 EPS for the current fiscal year.
Several equities analysts have weighed in on JEF shares. ValuEngine lowered shares of Jefferies Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of Jefferies Financial Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 16th.
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Jefferies Financial Group Company Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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