Jefferies Financial Group Inc. Announces Quarterly Dividend of $0.40 (NYSE:JEF)

Jefferies Financial Group Inc. (NYSE:JEF) declared a quarterly dividend on Wednesday, March 25th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.40 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, May 18th.

Jefferies Financial Group has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Jefferies Financial Group has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Jefferies Financial Group to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 26.0%.

Jefferies Financial Group Stock Down 2.3%

Jefferies Financial Group stock opened at $39.62 on Thursday. Jefferies Financial Group has a twelve month low of $35.53 and a twelve month high of $71.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $51.02 and a 200-day moving average of $56.70. The stock has a market capitalization of $8.18 billion, a PE ratio of 14.00 and a beta of 1.52.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Jefferies Financial Group had a net margin of 6.56% and a return on equity of 7.27%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities research analysts anticipate that Jefferies Financial Group will post 4.41 EPS for the current fiscal year.

About Jefferies Financial Group

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.