Raymond James Financial Raises Quarterly Dividends on Common Stock by 8% and Announces Quarterly Dividend on Preferred Stock; Announces Increased Common Stock Repurchase Authorization

Rhea-AI Summary

Raymond James Financial (NYSE: RJF) declared an $0.54 quarterly cash dividend on common stock, payable Jan 16, 2026 to holders of record on Jan 2, 2026, an 8% increase from the prior $0.50 dividend. The Board also authorized repurchases of common stock of up to $2.0 billion, replacing the prior $1.5 billion program (about $105 million remained as of Dec 2, 2025).

The Board declared a quarterly dividend of $0.3984375 per depositary share of the 6.375% Series B preferred, payable Jan 1, 2026, and confirmed redemption of all outstanding Series B preferred and related depositary shares on Jan 2, 2026. Repurchases may occur in the open market or privately and the new authorization has no fixed expiration date.

Positive

• Common dividend increased 8% to $0.54 per share
• Buyback authorization raised to $2.0 billion
• Prior repurchase program had $105 million remaining as of Dec 2, 2025
• Series B preferred scheduled redemption on Jan 2, 2026

Negative

• Higher common dividend raises near-term cash outflow starting Jan 16, 2026
• Redemption of Series B preferred on Jan 2, 2026 will require cash or financing

News Market Reaction

+2.40%

1 alert

+2.40% News Effect

On the day this news was published, RJF gained 2.40%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Common dividend: $0.54 per share Dividend increase: 8% New repurchase authorization: $2.0 billion +5 more

8 metrics

Common dividend $0.54 per share Quarterly dividend payable January 16, 2026

Dividend increase 8% Increase vs. prior $0.50 dividend paid October 15, 2025

New repurchase authorization $2.0 billion Aggregate common stock repurchase authorization replacing prior plan

Prior repurchase authorization $1.5 billion Previous program announced December 3, 2024

Remaining under prior plan $105 million Remaining capacity as of December 2, 2025

Preferred dividend $0.3984375 per depositary share Quarterly dividend on 6.375% Series B preferred, payable January 1, 2026

Series B coupon 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock

Series B redemption date January 2, 2026 Redemption of all outstanding Series B preferred and related depositary shares

Market Reality Check

Price: $158.68 Vol: Volume 1,431,258 is 1.16x...

normal vol

$158.68 Last Close

Volume Volume 1,431,258 is 1.16x the 20-day average of 1,229,021, showing moderately elevated activity ahead of this announcement. normal

Technical Price at $163.91 is trading above the 200-day MA of $154.95, indicating a pre-existing upward bias before the dividend and buyback news.

Peers on Argus

RJF was up 1.22% with modestly elevated volume, while peers were mixed: STT (+0....

RJF was up 1.22% with modestly elevated volume, while peers were mixed: STT (+0.63%), NTRS (+1.68%), AMP (+0.40%), CG (+0.12%), and OWL (-2.30%). The mixed peer tape suggests RJF’s move was more company-specific to its capital return actions.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Dividend & buyback	Positive	+2.4%	Raised common dividend and expanded common stock repurchase authorization.
Dec 02	Preferred redemption	Neutral	-0.1%	Announced full redemption of Series B preferred and related depositary shares.
Nov 13	Advisor recruitment	Positive	-2.9%	Hired advisor duo managing approximately $150 million in client assets.
Oct 31	Senior hire	Positive	+0.1%	Added senior wealth management professional to Global Wealth Solutions Group.
Oct 30	Advisor recruitment	Positive	-0.1%	Welcomed Virginia advisor managing over $280 million in client assets.

Pattern Detected

Recent RJF news has generally produced modest single-day moves, with capital return announcements (dividends/redemptions) drawing relatively small but directionally consistent reactions, and advisor-hire news occasionally seeing counter-moves.

Recent Company History

Over the last few months, RJF’s news flow has focused on capital structure and franchise expansion. On Dec 2, 2025, it announced full redemption of its Series B preferred stock with little price impact (-0.12%). Multiple October–November releases highlighted advisor recruitment managing $150 million and over $280 million in client assets, with mixed price reactions, including a -2.86% move after one hire. The current dividend increase and expanded $2.0 billion repurchase authorization fit the ongoing capital and shareholder-return narrative.

Market Pulse Summary

This announcement highlighted Raymond James Financial’s continued emphasis on shareholder returns th...

Analysis

This announcement highlighted Raymond James Financial’s continued emphasis on shareholder returns through an 8% increase in its common dividend to $0.54 and a larger $2.0 billion repurchase authorization, replacing a prior $1.5 billion program. The Board also declared a cash dividend on its 6.375% Series B preferred shares and reaffirmed full redemption of those securities on January 2, 2026. Investors may watch how actively the repurchase authorization is used and how capital returns evolve alongside future strategic developments.

Key Terms

depositary share, fixed-to-floating rate, non-cumulative perpetual preferred stock, repurchase authorization, +1 more

5 terms

depositary share financial

"a quarterly dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B"

A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.

fixed-to-floating rate financial

"6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

non-cumulative perpetual preferred stock financial

"Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB)"

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

repurchase authorization financial

"authorized repurchase of the company’s shares of common stock in an aggregate amount of up to $2 billion"

A repurchase authorization is a company's official permission to buy back its own shares from the stock market. It matters because it shows the company plans to reduce the number of shares available, which can increase the value of the remaining shares and signal confidence in its future.

redemption regulatory

"the company will redeem all outstanding shares of the Series B Preferred Stock"

Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.

AI-generated analysis. Not financial advice.

St. Petersburg, Fla., Dec. 03, 2025 (GLOBE NEWSWIRE) -- On December 3, 2025, the Raymond James Financial, Inc. (NYSE: RJF) Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.54 per share, payable January 16, 2026 to shareholders of record on January 2, 2026. This is an 8% increase over the previous dividend of $0.50 per share paid on October 15, 2025.

The Board also authorized repurchase of the company’s shares of common stock in an aggregate amount of up to $2 billion. The $2 billion authorization replaces the previous repurchase authorization of $1.5 billion announced on December 3, 2024, under which approximately $105 million was remaining as of December 2, 2025. The repurchases may be made from time to time at prices that the company deems appropriate and subject to market conditions, applicable law, regulatory constraints in connection with previously announced acquisitions and other factors. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise. The Board’s authorization does not have a fixed expiration date. The repurchase authorization does not obligate the company to repurchase any dollar amount or number of securities and may be suspended or discontinued at any time.

In addition, the Board declared a quarterly dividend of $0.3984375 per depositary share of 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB) (the “Series B Preferred Stock”) payable January 1, 2026, to shareholders of record on December 15, 2025. As previously announced, the company will redeem all outstanding shares of the Series B Preferred Stock and the related depositary shares, each representing a 1/40th interest of a share of Series B Preferred Stock, on January 2, 2026.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.75 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

Forward-Looking Statements

Certain statements made in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future shareholder distributions. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the “SEC”) from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.raymondjames.com and the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.

Media Contact: Steve Hollister
Raymond James Financial
727.567.2824
mediarelations@raymondjames.com

Investor Contact: Kristina Waugh
Raymond James Financial
727.567.7654
investorrelations@raymondjames.com

FAQ

What dividend did Raymond James (RJF) declare on Dec 3, 2025?

The Board declared a quarterly common dividend of $0.54 per share, payable Jan 16, 2026 to holders of record on Jan 2, 2026.

How much did Raymond James (RJF) increase its share repurchase authorization on Dec 3, 2025?

The Board authorized repurchases of common stock up to $2.0 billion, replacing the prior $1.5 billion authorization.

When will Raymond James (RJF) redeem its Series B preferred shares?

All outstanding Series B preferred shares and related depositary shares will be redeemed on Jan 2, 2026.

What is the quarterly dividend on Raymond James (RJF) Series B preferred depositary shares?

The Board declared a quarterly dividend of $0.3984375 per depositary share, payable Jan 1, 2026 to holders of record on Dec 15, 2025.

Does the new Raymond James (RJF) buyback authorization expire?

No, the $2.0 billion repurchase authorization does not have a fixed expiration date and may be suspended or discontinued at any time.

How much of the previous Raymond James (RJF) repurchase authorization remained as of Dec 2, 2025?

Approximately $105 million remained under the prior repurchase authorization as of Dec 2, 2025.