Stifel Financial Increases Quarterly Cash Dividend By 17% To $0.42 From $0.36
Portfolio Pulse from Benzinga Newsdesk
Stifel Financial Corp. (NYSE:SF) has announced a 17% increase in its quarterly cash dividend, raising it to $0.42 per share from $0.36. The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024.
February 08, 2024 | 6:50 am
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Stifel Financial Corp. has raised its quarterly dividend to $0.42 per share, a 17% increase from the previous $0.36, payable to shareholders on record by March 1, 2024.
Increasing dividends is often seen as a positive signal by the market, indicating that a company is confident in its financial health and future earnings potential. This move by Stifel Financial Corp. is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price as it reflects the company's strong financial position and commitment to returning value to shareholders.
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