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Raymond James Financial’s Steady Dividend Policy

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RJF’s dividend policy

Raymond James Financial (RJF) announced a dividend of $0.25 per share for 1Q18, from $0.22 in 3Q16. The dividend yield stands at 1.1%. The three-year dividend growth rate is 11.3%, and the five-year growth rate is 11.4%. The payout ratio is 20.3%.

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Steady dividend policy

The company has been consistently paying steady dividends and is targeting 15%–25% of its earnings. In the event of market downturns, RJF tries to maintain its most recent dividend, if possible. The payout ratio has been in the range of 25%–30%.

Share price performance

RJF stock returned -1.3% in one month, 4.8% in three months, and 8.3% in the last six months. Its peer Financial Engines (FNGN) returned -11.8% for one month, 3% for three months, and -28.9% for six months. Charles Schwab (SCHW) returned -1.4% in one month, 14.4% in three months, and 19% in six months. TD Ameritrade (AMTD) returned 4.3% in one month, 8.7% in three months, and 19.4% in six months.

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