What dividend did Raymond James declare on its common stock?

The Board declared a quarterly cash dividend of $0.45 per share of common stock on August 21, 2024. It is payable October 15, 2024 to shareholders of record on October 1, 2024.

What dividend was declared on the preferred stock?

The Board declared a quarterly dividend of $0.3984375 per depositary share of the 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB). It is payable October 1, 2024 to shareholders of record on September 13, 2024.

What changed in the By-laws?

The amended and restated By-laws, approved by the Board on August 21, 2024, delete the defined term referring to a person deemed to be "Acting in Concert" with another person. Related definitions of Proposing, Nominating, Requesting, and Soliciting Person were revised to remove that reference. The full text is filed as Exhibit 3.1.

What does the filing say about the company's business?

The press release attached as Exhibit 99.1 describes Raymond James as a diversified financial services company providing private client group, capital markets, asset management, banking and other services. It states the firm has approximately 8,800 financial advisors and total client assets of $1.50 trillion.

Is the information in this filing considered filed under the Exchange Act?

No. The filing states that the Item 7.01 information, including Exhibit 99.1, is furnished and not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, and is not incorporated by reference into other company filings unless specifically stated.

RJF 8-K: Corporate Changes & Regulation FD

01—Abstract

Summary

Summary of the 8-K filed August 23, 2024. Cited figures are marked; the original filing is the authoritative source.

Raymond James Financial, Inc. (NYSE: RJF) filed this Current Report on Form 8-K dated August 23, 2024, covering three items.

Under Item 5.03, the Board of Directors on August 21, 2024 approved an amended and restated By-laws, which were last amended on August 21, 2023. The principal change deletes the defined term for a person deemed to be "Acting in Concert" with another person, and conforming revisions were made to the definitions of "Proposing Person," "Nominating Person," "Requesting Person," and "Soliciting Person." The amended By-laws are attached as Exhibit 3.1. Under Item 7.01, the company disclosed quarterly dividends declared by its Board on August 21, 2024.

The common stock dividend is $0.45^a per share, payable October 15, 2024 to shareholders of record on October 1, 2024. The Series B Non-Cumulative Perpetual Preferred Stock (6.375% Fixed-to-Floating Rate, NYSE: RJF PrB) dividend is $0.3984375 per depositary share, payable October 1, 2024 to shareholders of record on September 13, 2024. These details were announced in a press release dated August 22, 2024, attached as Exhibit 99.1.

The information under Item 7.01 is furnished rather than filed for purposes of Section 18 of the Exchange Act. The press release describes the company as a diversified financial services firm with approximately 8,800 financial advisors and total client assets of $1.50 trillion^b. For investors, the filing is primarily a routine dividend declaration and a technical governance update to the By-laws.

02—Key points

Key Highlights

Board approved an amended and restated By-laws on August 21, 2024, prior amendment dated August 21, 2023
Principal By-law change deletes the "Acting in Concert" defined term and conforms related definitions for proposing, nominating, requesting, and soliciting persons
Quarterly common stock dividend declared at $0.45 per share, payable October 15, 2024 to holders of record on October 1, 2024
Series B Non-Cumulative Perpetual Preferred dividend declared at $0.3984375 per depositary share, payable October 1, 2024 to holders of record on September 13, 2024
Preferred stock is 6.375% Fixed-to-Floating Rate Series B, trading on NYSE as RJF PrB
Press release dated August 22, 2024 reports approximately 8,800 financial advisors and total client assets of $1.50 trillion
Dividend information is furnished under Item 7.01 and not deemed filed for Section 18 purposes

03—Questions

Frequently Asked Questions

What dividend did Raymond James declare on its common stock?
The Board declared a quarterly cash dividend of $0.45 per share of common stock on August 21, 2024. It is payable October 15, 2024 to shareholders of record on October 1, 2024.
What dividend was declared on the preferred stock?
The Board declared a quarterly dividend of $0.3984375 per depositary share of the 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB). It is payable October 1, 2024 to shareholders of record on September 13, 2024.
What changed in the By-laws?
The amended and restated By-laws, approved by the Board on August 21, 2024, delete the defined term referring to a person deemed to be "Acting in Concert" with another person. Related definitions of Proposing, Nominating, Requesting, and Soliciting Person were revised to remove that reference. The full text is filed as Exhibit 3.1.
What does the filing say about the company's business?
The press release attached as Exhibit 99.1 describes Raymond James as a diversified financial services company providing private client group, capital markets, asset management, banking and other services. It states the firm has approximately 8,800 financial advisors and total client assets of $1.50 trillion.
Is the information in this filing considered filed under the Exchange Act?
No. The filing states that the Item 7.01 information, including Exhibit 99.1, is furnished and not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, and is not incorporated by reference into other company filings unless specifically stated.

04—Continue

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