Stifel Financial Corporation (NYSE:SF) to Issue Quarterly Dividend of $0.34

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.34 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st.

Stifel Financial has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Stifel Financial has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Stifel Financial to earn $6.74 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.2%.

Stifel Financial Stock Performance

Shares of SF opened at $70.16 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a 50-day moving average of $75.26 and a 200-day moving average of $79.39. The company has a market cap of $10.76 billion, a PE ratio of 13.65 and a beta of 1.05. Stifel Financial has a one year low of $61.21 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts predict that Stifel Financial will post 6.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SF. Weiss Ratings upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. TD Cowen lowered their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Finally, UBS Group lowered their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.