RJF PrB Dividend: $0.3984375 Payable Oct 1, 2025 to Record Holders Sep 15
Rhea-AI Filing Summary
Raymond James Financial, Inc. reported a material event in an 8-K dated August 20, 2025 announcing that its Board declared a quarterly cash dividend of $0.3984375 per depositary share on its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB). The dividend is payable October 1, 2025 to holders of record on September 15, 2025. The press release announcing the declaration is furnished as Exhibit 99.1 and is incorporated by reference into the report. The filing notes the exhibit is being "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Positive
- Quarterly dividend declared of $0.3984375 per depositary share for RJF PrB, showing continued distributions to preferred shareholders
- Clear record and payment dates provided: record date September 15, 2025 and payment date October 1, 2025
Negative
- None.
Insights
TL;DR: Board declared a customary quarterly preferred dividend; filing is furnished not filed.
The declaration of a $0.3984375 per depositary share quarterly dividend on the Series B preferred is a routine financing distribution consistent with a fixed-to-floating perpetual preferred security paying a scheduled dividend. Because this announcement is furnished as an exhibit rather than filed, it is informational and limits certain legal liabilities tied to Section 18. For investors in RJF PrB, the key actionable facts are the dividend amount, record date of September 15, 2025, and payment date of October 1, 2025.
TL;DR: Dividend decision reflects Board action on preferred class; disclosure method is standard.
The Board's declaration of the preferred dividend is a governance action affecting holders of the Series B depositary shares; it does not indicate changes to common dividends or broader capital policy. The company explicitly states the press release is "furnished," which is customary to provide timely investor notice while avoiding incorporation-by-reference liabilities. No additional corporate actions or amendments are described in the provided text.