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

Key Takeaways Raymond James launched a $2B share repurchase plan, replacing its prior $1.5B authorization.The firm raised its quarterly dividend to 54 cents per share, an 8% increase from the prior payout.Strong cash levels and earnings support the sustainability of RJF's capital distribution strategy.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 wor ...