Stifel Declares Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) has announced quarterly cash dividends for its common and preferred stocks. The common stock dividend is $0.42 per share, payable on September 17, 2024, to shareholders of record as of September 3, 2024. For preferred stocks, the dividends are:

- Series B: $0.390625 per depositary share ($390.625 per share)
- Series C: $0.3828125 per depositary share ($382.8125 per share)
- Series D: $0.281250 per depositary share ($281.250 per share)

These preferred stock dividends cover the period from June 17, 2024, to September 17, 2024, and are also payable on September 17, 2024, to shareholders of record on September 3, 2024.

Positive

• Consistent dividend payments indicate financial stability
• Diverse preferred stock offerings provide multiple investment options

Negative

• None.

News Market Reaction

+2.56%

1 alert

+2.56% News Effect

On the day this news was published, SF gained 2.56%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ST. LOUIS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable September 17, 2024, to shareholders of record at the close of business on September 3, 2024.

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 June 17, 2024, up to, but excluding, September 17, 2024. 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 September 17, 2024 to shareholders of record on September 3, 2024.

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.”

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

Stifel Investor Relations Contact
Joel Jeffrey, Senior Vice President
(212) 271-3610 direct
investorrelations@stifel.com                                

FAQ

What is Stifel Financial Corp's (SF) common stock dividend for Q3 2024?

Stifel Financial Corp. (SF) declared a common stock dividend of $0.42 per share for Q3 2024, payable on September 17, 2024.

When is the record date for Stifel's (SF) Q3 2024 dividend?

The record date for Stifel's (SF) Q3 2024 dividend is September 3, 2024, for both common and preferred stocks.

What are the dividend amounts for Stifel's (SF) preferred stocks in Q3 2024?

Stifel's (SF) preferred stock dividends for Q3 2024 are: Series B - $0.390625 per depositary share, Series C - $0.3828125 per depositary share, and Series D - $0.281250 per depositary share.

What is the payment date for Stifel Financial Corp's (SF) Q3 2024 dividends?

The payment date for Stifel Financial Corp's (SF) Q3 2024 dividends, both common and preferred, is September 17, 2024.