01—Abstract
Summary
Summary of the 8-K filed December 4, 2025. 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 to disclose three actions taken by its Board of Directors, announced in a press release dated December 3, 2025.
The Board declared a quarterly common stock dividend of $0.54a per share, payable January 16, 2026 to shareholders of record on January 2, 2026, which the press release describes as an 8% increase over the prior $0.50 per share dividend paid October 15, 2025. The Board also authorized a new share repurchase program of up to $2 billion of common stock. This replaces the previous $1.5 billion authorization announced December 3, 2024, under which approximately $105 million remained as of December 2, 2025.
The filing states that repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, are subject to market conditions, applicable law, and regulatory constraints tied to previously announced acquisitions, have no fixed expiration date, and do not obligate the company to repurchase any amount. Finally, the Board declared a quarterly dividend of $0.3984375b per depositary share of its 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB), payable January 1, 2026 to holders of record on December 15, 2025. The press release notes that the company will redeem all outstanding Series B Preferred Stock and related depositary shares on January 2, 2026, as previously announced.
02—Key points
Key Highlights
- Common stock quarterly dividend declared at $0.54 per share, payable January 16, 2026 (record date January 2, 2026), an 8% increase over the prior $0.50 per share dividend.
- New share repurchase authorization of up to $2 billion, replacing the prior $1.5 billion authorization from December 3, 2024.
- Approximately $105 million remained under the previous repurchase authorization as of December 2, 2025.
- Repurchase authorization has no fixed expiration date and does not obligate the company to buy any specific amount; it may be suspended or discontinued at any time.
- Quarterly dividend of $0.3984375 per depositary share declared on the 6.375% Series B Non-Cumulative Perpetual Preferred Stock (NYSE: RJF PrB), payable January 1, 2026.
- The company will redeem all outstanding Series B Preferred Stock and related depositary shares on January 2, 2026, as previously announced.
- Information is furnished under Item 7.01 and Exhibit 99.1 (press release dated December 3, 2025) and is not deemed filed for Section 18 purposes.
03—Questions
Frequently Asked Questions
How much is the new common stock dividend and when is it paid?
The Board declared a quarterly dividend of $0.54 per share on common stock, payable January 16, 2026 to shareholders of record on January 2, 2026. The press release describes this as an 8% increase over the previous $0.50 per share dividend paid October 15, 2025.
How large is the new share repurchase authorization?
The Board authorized repurchases of common stock of up to $2 billion in aggregate. It replaces the $1.5 billion authorization announced December 3, 2024, under which approximately $105 million remained as of December 2, 2025.
Is the company required to buy back the full $2 billion of stock?
No. The filing states the authorization does not obligate the company to repurchase any dollar amount or number of securities. Repurchases may be made in the open market, in privately negotiated transactions, or otherwise, depend on market conditions and applicable law, and may be suspended or discontinued at any time.
What is happening with the Series B Preferred Stock?
A quarterly dividend of $0.3984375 per depositary share is payable January 1, 2026 to holders of record on December 15, 2025. The press release also states that the company will redeem all outstanding Series B Preferred Stock and the related depositary shares on January 2, 2026, as previously announced.
Where can investors find more information on repurchase activity?
The filing states that information regarding repurchases of common stock will be available in the company's periodic reports on Form 10-Q and Form 10-K filed with the SEC.
04—Continue