Raymond James Financial, Inc. (NYSE:RJF) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On May 22, 2018, Raymond James Financial, Inc. (the "Company") issued a press release announcing, among other things, that the Board had declared a quarterly dividend of $0.30 per share for each outstanding share of common stock of the Company. The dividend is payable on July 16, 2018 to shareholders of record on July 2, 2018.
Item 8.01 Other Events
The press release also announced that the Company’s Board of Directors (the “Board”) increased to $250million its repurchase authorization with respect to any combination of the Company’s shares of common stock (“Common Stock”) and/or its outstanding Senior Notes (together with the Common Stock, the “Securities”). Prior to today’s Board action, there was approximately $136 million remaining under the previous repurchase authorization increase to $150 million announced on February 4, 2016. These repurchases may be made from time to time at the discretion of the Board’s Securities Repurchase Committee at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company’s sole discretion. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise, including to a Rule 10b5-1 plan. The Board’s authorization does not have a fixed expiration date. All repurchased shares of Common Stock will be held as treasury shares. The repurchase authorization does not obligate the Company to repurchase any dollar amount or number of Securities and may be suspended or discontinued at any time. The Company intends to pay for Securities repurchased with cash currently reflected on its balance sheet.
Information regarding repurchases of Common Stock will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Securities Exchange Act of 1934.
The full text of the Company’s press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is filed as an exhibit to this report:
Exhibit No.
RAYMOND JAMES FINANCIAL INC ExhibitEX-99.1 2 ex991_rjfreleasediv05222018.htm EXHIBIT 99.1 PRESS RELEASE DATED MAY 22,…To view the full exhibit click here
About Raymond James Financial, Inc. (NYSE:RJF)
Raymond James Financial, Inc. (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.
