Stifel Financial Corporation (SF) to Issue Quarterly Dividend of $0.46 on December 15th

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, December 1st will be paid a dividend of 0.46 per share by the financial services provider on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st.

Stifel Financial has increased its dividend 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 dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. 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 0.5%

Shares of NYSE:SF opened at $120.02 on Friday. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 21.20 and a beta of 1.19. Stifel Financial has a 12 month low of $73.27 and a 12 month high of $120.97. The company’s fifty day simple moving average is $114.15 and its 200 day simple moving average is $106.25. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. As a group, research analysts forecast that Stifel Financial will post 8.26 EPS for the current fiscal year.

About Stifel Financial

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.