Jefferies Financial Group Inc. (NYSE:JEF – Get Free Report) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Tuesday, August 18th will be given a dividend of 0.40 per share by the financial services provider on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, August 18th.
Jefferies Financial Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Jefferies Financial Group has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jefferies Financial Group to earn $4.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 33.2%.
Jefferies Financial Group Stock Performance
Jefferies Financial Group stock opened at $52.39 on Friday. The stock has a 50-day simple moving average of $53.38 and a 200 day simple moving average of $53.30. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 14.63 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. Jefferies Financial Group has a 12-month low of $35.53 and a 12-month high of $71.04.
Key Headlines Impacting Jefferies Financial Group
Here are the key news stories impacting Jefferies Financial Group this week:
- Positive Sentiment: Investment banking revenue surged 57% year over year to about $1.21 billion, and equities revenue hit a quarterly record, showing strong dealmaking and trading momentum.
- Positive Sentiment: The board approved a $250 million share repurchase plan, which can support the stock by signaling management believes the shares are undervalued.
- Positive Sentiment: Jefferies also declared a quarterly dividend of $0.40 per share, reinforcing capital return to shareholders.
- Neutral Sentiment: The company said its Hildene investment is expected to close in the third quarter, which could help results later but was not enough to offset near-term investor concerns.
- Negative Sentiment: Second-quarter EPS came in at $1.02, below consensus estimates, and revenue of about $2.21 billion also missed expectations, triggering a sell-off focused on weaker-than-expected profitability.
- Negative Sentiment: Asset-management fees and investment return revenue fell 35% year over year, suggesting softness outside the core banking and trading businesses.
- Negative Sentiment: Some investors appear to be taking profits after a strong run in capital-markets-related shares, implying that much of the upbeat banking performance may already have been priced in.
Jefferies Financial Group Company Profile
Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.
In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.
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