Stifel Financial Corp. Plans Quarterly Dividend of $0.42 (NYSE:SF)

Stifel Financial Corp. (NYSE:SF) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Tuesday, September 3rd will be paid a dividend of 0.42 per share by the financial services provider on Tuesday, September 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, September 3rd.

Stifel Financial has raised its dividend by an average of 47.0% annually over the last three years. Stifel Financial has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Stifel Financial to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 21.0%.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $88.14 on Monday. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 20.03 and a beta of 1.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $90.00. The stock’s 50 day moving average price is $83.88 and its 200 day moving average price is $80.14.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SF has been the subject of several research analyst reports. TD Cowen increased their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.50.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.