Stifel Announces a Three-for-Two Stock Split, 11% Increase to Its Common Stock Dividend & Declares Preferred Stock Cash Dividend

Rhea-AI Summary

Stifel (NYSE: SF) announced a three-for-two stock split as a 50% stock dividend, payable February 26, 2026, to holders of record Feb 12, 2026, increasing shares outstanding from ~103 million to ~155 million. The Board also declared a common cash dividend of $0.51 per share (11% increase), payable March 16, 2026, record date March 2, 2026, and quarterly cash dividends on Series B, C, and D preferred shares with specific per-depositary-share amounts.

Positive

• 50% stock dividend (three-for-two split) to be distributed Feb 26, 2026
• Common dividend +11% to $0.51 per share, payable March 16, 2026
• Ninth consecutive annual common dividend increase
• Preferred dividends declared for Series B, C, and D with stated per-depositary-share amounts

Negative

• Shares outstanding will rise from ~103 million to ~155 million after the 50% stock dividend
• Cash dividends payable on March 16, 2026 create a near-term cash outflow for the company

News Market Reaction – SF

-0.08%

1 alert

-0.08% News Effect

On the day this news was published, SF declined 0.08%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Represents Ninth Consecutive Annual Dividend Increase Delivered to Shareholders

ST. LOUIS, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors declared a three-for-two stock split of Stifel’s common stock in the form of a 50% stock dividend to be distributed on February 26, 2026, to shareholders of record at the close of business on February 12, 2026. Shareholders will receive one additional share of Stifel common stock for every two shares owned as of the close of business on the record date. Cash will be distributed in lieu of fractional shares based on the closing price on the record date. The company currently has approximately 103 million shares outstanding. After the split, the company will have approximately 155 million shares outstanding.

For additional information on the stock split, please visit the Stifel Investor Relations page at:
https://www.stifel.com/docs/pdf/investorrelations/stock-split-faq.pdf

The Board of Directors also declared a cash dividend on shares of its common stock of $0.51 per share, payable March 16, 2026, to shareholders of record at the close of business on March 2, 2026. This represents an 11% increase in the common stock dividend, Stifel’s ninth consecutive annual increase of its common stock dividend. Following the stock split, the 2026 quarterly dividend equates to $0.34 per common share.

“Our stock split and the board’s intention to increase our common dividend are the result of our company’s strong market performance, continuing growth prospects, and our desire to reward existing and long-term investors. Additionally, these actions reflect the board’s confidence in our ability to drive long-term shareholder value by focusing on the fundamentals of our company,” commented Ronald J. Kruszewski, Chairman & Chief Executive Officer of Stifel Financial Corp.

The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”). The declared cash dividend on the Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock is for the period from December 15, 2025, up to, but excluding, March 16, 2026. The declared cash dividend equated to approximately $0.390625 per depositary share, or $390.625 per share of the Series B Preferred Stock outstanding. The declared cash dividend equated to approximately $0.3828125 per depositary share, or $382.8125 per share of the Series C Preferred Stock outstanding. The declared cash dividend equated to approximately $0.281250 per depositary share, or $281.250 per share of the Series D Preferred Stock outstanding. The cash dividends are payable on March 16, 2026, to shareholders of record on March 2, 2026.

The company’s Series B Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrB”, the company’s Series C Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrC”, and the company’s Series D Preferred Stock trades on the New York Stock Exchange under the symbol “SF PrD.”

Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement.

To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

Media Contact
Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com

Investor Relations Contact
Joel Jeffrey, +1 (212) 271-3610
investorrelations@stifel.com

FAQ

What does the Stifel (SF) three-for-two stock split mean for shareholders on Feb 12, 2026?

Shareholders of record on Feb 12, 2026 will receive one additional share for every two shares owned. According to the company, the 50% stock dividend is payable Feb 26, 2026 and fractions will be paid in cash based on the record-date closing price.

How does Stifel's (SF) 11% dividend increase change the cash payout and payment date?

The Board declared a $0.51 per share common dividend, an 11% increase, payable March 16, 2026. According to the company, the dividend applies to shareholders of record at the close of business on March 2, 2026.

What will Stifel's (SF) shares outstanding be after the Feb 26, 2026 stock split?

Post-split shares outstanding will be approximately 155 million, up from about 103 million currently. According to the company, the three-for-two split increases the share count by roughly 50% via a stock dividend.

How will Stifel's (SF) quarterly dividend per share change after the stock split in 2026?

Following the split, Stifel stated the 2026 quarterly dividend equates to $0.34 per common share. According to the company, this reflects the split-adjusted payout after the declared $0.51 pre-split dividend.

What preferred dividends did Stifel (SF) declare and when are they payable?

Stifel declared quarterly cash dividends for Series B, C, and D preferred shares, payable March 16, 2026. According to the company, per-depositary-share amounts are approximately $0.390625 (B), $0.3828125 (C), and $0.281250 (D).

Will Stifel (SF) pay cash for fractional shares from the three-for-two split and how is that calculated?

Yes, cash will be paid in lieu of fractional shares based on the closing price on the record date. According to the company, fractional share cash-outs use the record-date closing price to determine the payment amount.