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

Insights

Capital Markets Strategist

Dividend raised 8%, repurchase authorization to $2 billion, and Series B preferred redemption set for Jan 2, 2026.

Raymond James increases its common dividend to $0.54 per share and raises the buyback ceiling to $2 billion. The dividend raise and larger repurchase program return cash directly to common shareholders while the planned redemption of the Series B Preferred on Jan 2, 2026 removes a fixed-cost capital instrument.

Benefits depend on cash generation and capital requirements. Repurchases are discretionary, subject to market and regulatory constraints, and the board can suspend them. The preferred redemption reduces perpetual preferred obligations but temporarily uses cash at redemption.

Watch the payable and record dates: common dividend payable Jan 16, 2026 to holders of record on Jan 2, 2026; preferred dividend payable Jan 1, 2026 to holders of record on Dec 15, 2025. Monitor actual repurchase pace and any future capital-return changes over the next 6–12 months for signs of sustained cash flow and capital flexibility.

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.