Raymond James dividend
MyStockButler's October 2026 analysis: Raymond James's forecast shows dividends of $2.28 per share at the first date, $2.48 at the middle date, and $2.68 at the last date. Raymond James reported $2,434 million of operating cash flow and $188 million of capital expenditure in fiscal 2025, while common dividends were $106 million in the June 2026 quarter.
How much does Raymond James pay per share?
Dividends rise moderately in the base case. They are $2.28 per share at the first date and $2.48 at the middle date. They reach $2.68 at the last date. The bear case holds them at $2.16 per share throughout, while the bull case reaches $2.40, $2.80 and $3.20.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 2,530 (2,250 / 2,790) | 2,660 (2,160 / 3,100) | 2,800 (2,180 / 3,420) |
| Dividends per share | 2.28 (2.16 / 2.40) | 2.48 (2.16 / 2.80) | 2.68 (2.16 / 3.20) |
| Price to earnings | 13.50 (11.50 / 15.00) | 13.50 (10.50 / 16.00) | 13.50 (9.50 / 17.00) |
Does Raymond James's cash cover its dividend?
Cash flow also needs context. Operating cash flow was $2,434 million in fiscal 2025, while capital expenditure was $188 million. Lending, deposits, brokerage balances, compliance and people do not fit neatly into ordinary free-cash-flow analysis. Common equity rose from $8,245 million in fiscal 2021 to $12,424 million in fiscal 2025, but capital must also support lending, acquisitions and recruiting.
Shareholder returns currently rely more on buybacks than dividends. In the June 2026 quarter, common dividends were $106 million and repurchases were $400 million. A dividend pays every shareholder cash; a buyback leaves each remaining share with a larger ownership claim. Diluted average shares fell to 197.2 million from 205.5 million a year earlier, which supports earnings per share if repurchases do not weaken capital.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Net income | 2,135 | 2,068 | 1,739 | 1,509 | 1,403 |
| − Dividends declared on common shares | 420 | 382 | 362 | 295 | 219 |
| − Share buybacks | 1,101 | 900 | 788 | 162 | 118 |
| = Kept to grow and build capital | 609 | 781 | 583 | 1,048 | 1,066 |
What could change Raymond James's dividend?
Raymond James Financial could reach $179.81 in October 2027 and $215.75 in October 2029 if recurring client growth becomes stronger margins and supports buybacks. Management targets a 20.0% adjusted pre-tax margin and at least 17.0% adjusted return on common equity. It also targets at least 20.0% adjusted return on tangible common equity. Its fiscal 2030 net-revenue goal is $20 billion, with a 20%–30% common-stock dividend payout.
The base reflects a history of annual increases and a stated payout target of 20%–30%. The bear case freezes the quarterly payment at $0.54 because dividends remain discretionary, while the bull case requires earnings and capital capacity to support faster increases.
What is Raymond James's dividend yield today?
| Today (Oct 20, 2026) | |
|---|---|
| Share price | 155.38 |
| P/E, last 12 months (calculated) | 13.5x |
| Dividend yield (calculated) | 1.4% |
What this means. The next-12-month price-to-earnings number uses analysts' estimated profit, so it may be wrong if the company earns more or less than expected.