Stifel Financial Corp (SF) will raise its quarterly dividend by 32.4 percent to 15 cents per share, adjusted for the stock split last december. In 2020 the company announced a dividend hike of 13.3 percent to $0.17 per share ($0.1133 adjusted) in the first quarter of 2020. 

The increased dividend is payable on March 15, 2021 to shareholders of record on March 1, 2021. The new 60 cent per share annual dividend yields 1.1% at a stock price of $53.11.

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.