Raymond James Announces $2B Share Repurchase Plan & 8% Dividend Hike

Raymond James Financial, Inc. RJF has announced a new share repurchase program alongside an 8% increase in quarterly cash dividends.

Under the buyback plan, RJF will be able to repurchase up to $2 billion worth of shares. The plan does not have an expiration date.

This new program will replace the existing share repurchase plan of $1.5 billion, announced in December 2024. As of Dec. 2, 2025, roughly $105 million shares were available for repurchase.

Raymond James’ Dividend

Apart from share repurchases, Raymond James has announced a quarterly cash dividend of 54 cents per share, reflecting a hike of 8% from the prior payout. The dividend will be paid out on Jan. 16, 2026, to shareholders of record as of Jan. 2.

RJF has a track record of regularly raising dividends over the last decade. Earlier, the company hiked its dividend by 11.1% in December 2024.

Considering Wednesday’s closing price of $158.79, its annualized dividend yield is 1.26%. Apart from being attractive to investors, the yield represents a steady income stream. The company has a dividend payout ratio of 19%.

As of Sept. 30, 2025, Raymond James’ cash and cash equivalents were $11.4 billion. The cash levels were decent relative to other borrowings of $700 million.

Hence, a decent balance sheet position, along with its earnings strength, indicates that RJF’s capital distributions are sustainable.

RJF’s Zacks Rank & Price Performance

Shares of Raymond James have risen 10.7% compared with the industry’s 20.6% growth in the past six months.

Currently, RJF carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Similar Steps by Other Finance Firms

Last month, Commerce Bancshares, Inc. CBSH announced a new share repurchase plan. The board of directors approved the repurchase of up to 5 million shares, in combination with the amount remaining from the prior plan.

The prior plan was announced in April 2024, authorizing CBSH to buy back up to 5 million shares in combination with the previous plan.

In October 2025, SEI Investments Co. SEIC extended its share repurchase plan by $650 million, increasing the total authorization to roughly $773.2 million.

Prior to this, SEIC announced an increase in its share repurchase plan by $500 million in March 2025, bringing the total authorization to $556 million.

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This article originally published on Zacks Investment Research (zacks.com).

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