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TheStreet Wire

Raymond James Financial Stock To Go Ex-dividend Tomorrow (RJF)

By TheStreet Wire 03/28/12 - 10:53 AM EDT

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NEW YORK (TheStreet) -- The ex-dividend date for Raymond James Financial (NYSE:RJF) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $37.30 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Raymond James Financial has been 762,800 shares per day over the past 30 days. Raymond James Financial has a market cap of $4.32 billion and is part of the financial sector and financial services industry. Shares are up 20.7% year to date as of the close of trading on Tuesday.

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. The company has a P/E ratio of 18.2, above the average financial services industry P/E ratio of 15.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Raymond James Financial as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Raymond James Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.

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