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Raymond James Financial, Inc. | 6.375% Dep Sh Fix/Float Ser B Non-Cumul Perp Pfd Stock (RJF.PRB)
Prospectus excerpt: We are offering 2,800,000 depositary shares each representing a 1/40th ownership interest in a share of our 6.375% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, no par value (“Series B preferred stock”), with a liquidation preference of $1,000 per share of Series B preferred stock (equivalent to $25 per depositary share). As a holder of depositary shares, you will be entitled to all rights and preferences of the Series B preferred stock (including dividend, voting, redemption and liquidation rights) in proportion to your investment in the underlying shares of Series B preferred stock. You must exercise these rights through the depositary. Full Prospectus PDF », Secondary Prospectus PDF », RJF Page »
| Series: | B | | Alternate symbology: | RJF-B, RJF-PB, RJFprB | | Redeemable?: | Yes | | Call Date: | 7/21/2024 | | Perpetual?: | Yes | | Cumulative?: | No | | Shares Offered: | 2,800,000 | | Overallotment: | 420,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $25.09 | Premium to Liquidation Preference:
(More Preferreds Trading at a Premium ») | $0.09 (0.36%) | | Annualized Dividend: | 1.59375 | | Recent Ex-Date: | 3/14/2024 | | Current Yield: | 6.35% | | Original Coupon: | 6.375% until 7/1/2026, then dividends will accumulate and be payable at a floating rate equal to three-month LIBOR | | Pay Period: | Quarterly | | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | | CDx3 Compliance Rating: |
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Raymond James Financial is a bank holding company and financial holding company. Through its subsidiaries, Co. is engaged in various financial services activities. Co. has five segments: Private Client Group, which provides financial planning, investment advisory and securities transaction services; Capital Markets, which conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments; Asset Management, which provides asset management, portfolio management and related administrative services; Bank, which consists of Raymond James Bank, Fed member bank, and TriState Capital Bank; and Other. Preferreds: RJF.PRA, RJF.PRB
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| Name: |
Raymond James Financial, Inc. |
| Website: |
www.raymondjames.com |
| Sector: |
Investment Brokerages |
| Number of ETFs Holding RJF: |
89 (see which ones) |
| Total Market Value Held by ETFs: |
$3,766,252,234.5 |
| Total Market Capitalization: |
$25,836,000,000 |
| % of Market Cap. Held by ETFs: |
14.58% |
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