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Raymond James Financial Inc (NYSE:RJF) recently announced a dividend of $0.45 per share, payable on 2024-01-16, with the ex-dividend date set for 2023-12-29. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, and growth rates. Using the data from GuruFocus, let’s look into Raymond James Financial Inc’s dividend performance and assess its sustainability.
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Raymond James Financial is a monetary holding company whose core businesses include wealth control, investment banking, asset control, and advertising banking. The corporation supports more than 8,000 hardworking, financial advisors, and independent contractors in the U. S. The U. S. , Canada, and the U. K. have more than $1 trillion in assets under leadership as of September 2022. Approximately 90% of the company’s profits come from the U. S. 70% of the company’s assets control segment belongs to the corporation’s equity control segment.
Raymond James Financial Inc. has maintained a consistent history of paying dividends since 1985. Currently, dividends are distributed quarterly. Raymond James Financial Inc. Therefore, stocks are indexed among dividend-earning companies, an honor given to corporations that have increased their dividends each year for at least 21 years. Below is a chart showing the consistent annual dividends with a percentage to track old trends.
Currently, Raymond James Financial Inc has a 12-month existing dividend yield of 1. 48% and a 12-month expected dividend yield of 1. 59%. This leads to an increase in dividend payouts over the next 12 months. Over the past 3 years, Raymond James Financial Inc. It was 19. 40%. Extended to a five-year horizon, this rate has declined to 16. 70% steadily over the year. And over the past decade, Raymond James Financial Inc. consistent with a percentage expansion rate consistente. se stands at an impressive 15. 80%.
Based on Raymond James Financial Inc’s dividend yield and five-year expansion rate, Raymond James Financial Inc’s year-to-date percentage yield is approximately 3. 20%.
To assess the sustainability of the dividend, it will be necessary to assess the company’s dividend payout ratio. The dividend payout ratio provides information about how much of the company’s earnings it distributes as dividends. A lower index suggests that the company keeps a significant portion of its profits. , ensuring that there is a budget in place for long-term expansion and unforeseen recessions. As of 09/30/2023, the dividend payout ratio of Raymond James Financial Inc is 0. 21.
Raymond James Financial Inc’s profitability rankings offer an understanding of the company’s ability to profit compared to its peers. GuruFocus ranks Raymond James Financial Inc’s performance 7th out of 10 as of 09/30/2023, suggesting smart profitability outlooks. The company has recorded a positive net profit over the years of the last decade, reinforcing its maximum profitability.
For dividend sustainability, a company needs to establish growth metrics. Raymond James Financial Inc’s expansion rating of 7 out of 10 suggests that the company’s expansion trajectory is smart compared to its competition.
Revenue is the lifeblood of any business, and profits are at Raymond James Financial Inc. consistent with participation, combined with the three-year rate of profit expansion, indicate a profit model. Raymond James Financial Inc. ‘s earnings grew about 12. 10% consistently on an annual average, a rate that outpaces about 59. 79% of its global competitors.
The company’s 3-year EPS growth rate showcases its capability to grow its earnings, a critical component for sustaining dividends in the long run. During the past three years, Raymond James Financial Inc’s earnings increased by approximately 26.70% per year on average, a rate that outperforms approximately 67.78% of global competitors.
Lastly, the company’s 5-year EBITDA growth rate of 15.70%, which outperforms approximately 60.16% of global competitors.
In conclusion, Raymond James Financial Inc. ‘s dividend payouts, dividend expansion rate, payout ratio, profitability and expansion metricsThey paint a picture of a monetarily strong company with a strong commitment to returning the price to shareholders. years, coupled with a prudent payout ratio and solid profitability, ensure the sustainability of dividend payouts. Moreover, the company’s favorable expansion signals point to a positive outlook that could drive dividend expansion in the future. Investors considering adding a dividend-paying stock to their portfolio could locate Raymond James Financial Inc. An attractive option, given its promising financial fitness and dividend track record. For those looking to expand their portfolio with similar stocks, GuruFocus Premium users can search for stocks with high dividend yields using High Dividend. Performance analyzer.
This article, generated through GuruFocus, is designed to provide general data and does not constitute personalized monetary advice. Our observation is based on old knowledge and analyst projections, employs an unbiased methodology, and is not intended to serve as express investment advice. It makes recommendations for buying or selling stocks and does not take into account individual investment objectives or monetary situation. Our purpose is to provide long-term, knowledge-based basic research. Please note that our research may not incorporate as much up-to-date, price-sensitive ads or company data as possible. GuruFocus does not hold any position in the stocks analyzed here.
This article was first published on GuruFocus.