Stifel declares quarterly cash dividend on common stock and declares cash dividend on preferred stock
ST. LOUIS, August 04, 2021 (GLOBE NEWSWIRE) – Stifel Financial Corp. (NYSE: SF) announced today that its board of directors has declared a cash dividend on the shares of its common stock of $ 0.15 per share, payable September 15, 2021, to shareholders of record at the close of trading. offices on September 1, 2021.
The board of directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% perpetual non-cumulative preferred shares, Series B (the “Series B preferred shares”), at 6.125% shares. Perpetual Non-Cumulative Preference Shares, Series C (the “Series C Preference Shares”) and 4.50% Non-Cumulative Perpetual Preference Shares, Series D (the “Series D Preference Shares”). The cash dividend declared on the Series B Preferred Shares and the Series C Preferred Shares is for the period June 15, 2021 through September 15, 2021, but excluding. The cash dividend declared on the Series D preferred shares is for the period from the date of issue, July 22, 2021, through September 15, 2021, but excluded. The declared cash dividend was equivalent to approximately $ 0.390625 per custodian share, or $ 390.625 per share of the outstanding Series B preferred shares. The declared cash dividend was equivalent to approximately $ 0.3828125 per Custodian share, or $ 382.8125 per share of the outstanding Series C preferred shares. The declared cash dividend was equivalent to approximately $ 0.168750 per custodian share, or $ 168.750 per share of the outstanding Series D preferred shares. Cash dividends are payable on September 15, 2021 to shareholders of record on September 1, 2021.
As previously announced, the Board of Directors approved the redemption of the outstanding shares of its 6.25% Perpetual Non-Cumulative Preferred Shares, Series A (the “Series A Preferred Shares”) on August 20, 2021. The Dividend in cash declared on the Series A preferred shares are valid for the period from June 15, 2021 to August 20, 2021, but excluded. The declared cash dividend was equivalent to approximately $ 0.2864583 per custodian share, or $ 286.4583 per share of the Series A preferred shares. Holders of Series A preferred shares on August 20, 2021 will be entitled to receive the redemption payment and accrued dividends.
The Series A preferred shares of the Company trade on the New York Stock Exchange under the symbol “SF PrA”, the Series B preferred shares of the Company trade on the New York Stock Exchange under the symbol “SF PrB”, the Company’s Series C preferred shares trade on the New York Stock Exchange under the symbol “SF PrC” and the Company’s Series D preferred shares trade on the New York Stock Exchange under the symbol “SF PrD” .
Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities and financial services business through several wholly owned subsidiaries. Stifel broker clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its business division Eaton Partners; Keefe, Bruyette & Woods, Inc .; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s affiliated brokers provide securities brokerage, investment banking, trading, investment advisory and related financial services to individual investors, professional fund managers, businesses and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and business credit solutions. Stifel Trust Company, NA and Stifel Trust Company Delaware, NA provide trust and related services. To learn more about Stifel, please visit the company’s website at www.stifel.com. For global information, please visit https://www.stifel.com/investor-relations/press-releases.
Caution Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are based on our expectations and projections. current regarding future events. . We intend that these forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we include this statement for the purposes of these safe harbor provisions. . Forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied by the statements. In addition, our past operating results do not necessarily indicate our future results. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: the ability to successfully integrate acquired companies or branches and financial advisors; a material adverse change in our financial condition; the risk of attrition of the borrower, depositor and other customers; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies or guidelines; changes in laws and regulations; other economic, competitive, government, regulatory, geopolitical and technological factors affecting our operations, prices and services. Forward-looking statements speak only as of the date on which they are made. We do not undertake to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made. We disclaim any intention or obligation to update these forward-looking statements.
Stifel Investor Relations
Joël Jeffrey, (212) 271-3610
investor [email protected]