Stifel Financial Corp (SF) will raise its quarterly dividend by 13.3 percent to $0.17 per share in the first quarter of 2020. This follows a 25.0 percent dividend increase last year.

The increased dividend is payable on March 16, 2020 to shareholders of record on March 2, 2020. The new 68 cent per share annual dividend yields 0.9% at a stock price of $64.69.

Stifel Financial Corp. 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. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities.