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

NEW YORK ( TheStreet) -- The ex-dividend date for Raymond James Financial (NYSE: RJF) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $32.83 as of 10 a.m. ET, the dividend yield is 1.6%.

The average volume for Raymond James Financial has been 711,700 shares per day over the past 30 days. Raymond James Financial has a market cap of $4.46 billion and is part of the financial sector and financial services industry. Shares are up 6% 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 16.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Raymond James Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.
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