Stifel Financial Corp. has declared a quarterly cash dividend of $0.34 per share on its common stock, signaling sustained confidence in its capital position and cash flow generation. The dividend is payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026. This distribution underscores the firm’s ability to maintain consistent returns to investors while operating across wealth management, commercial and investment banking, trading, and research services.

The Board of Directors also declared quarterly cash dividends on three series of non-cumulative perpetual preferred stock: Series B, Series C, and Series D. These dividends cover the period from June 16, 2026, up to but excluding September 15, 2026. Like the common stock dividend, payments are scheduled for September 15, 2026, with the same record date of September 1, 2026.

Preferred Stock Dividend Details

The preferred stock dividends vary by series based on their respective coupon rates and structures. The following table outlines the declared amounts per depositary share and per full preferred share:

All three series trade on the New York Stock Exchange under their respective symbols: SF PrB for Series B, SF PrC for Series C, and SF PrD for Series D. The consistency in payment timing across common and preferred equity highlights Stifel’s structured approach to capital allocation.

What the Numbers Show

The declaration of dividends across both common and multiple preferred tiers indicates a broad-based commitment to shareholder remuneration. The preferred stock dividends, particularly for Series B and C, reflect higher absolute payouts due to their elevated coupon rates compared to Series D. This tiered structure allows Stifel to cater to different investor risk-return profiles while maintaining liquidity discipline.

As a diversified financial services firm founded in 1890 and headquartered in St. Louis, Missouri, Stifel operates more than 400 offices across the United States and in major global financial centers. The company serves individuals, institutions, and municipalities through its wealth management, banking, trading, and research platforms. For further details, investors may visit www.stifel.com or contact Investor Relations at (212) 271-3610.

Stifel Financial Corp. reported record net revenue of $2.9 billion for the first half of 2026, a 15% increase from the previous record, alongside a 28% increase in earnings per share. The company achieved these results driven by strong performance in Global Wealth Management and a 42% year-over-year increase in investment banking revenue. Stifel's return on tangible common equity stood at approximately 24% for both the quarter and the first half, reflecting disciplined capital allocation and operational efficiency.

Financial Performance

Second quarter net revenue reached $1.45 billion, a 13% increase from the prior year, while non-GAAP earnings per share rose 25% to $1.42. The company's tangible book value per share increased 15% over the prior year. Expenses were well controlled, with a compensation ratio of 57%, 60 basis points below consensus estimates. The effective tax rate was 24.4%, slightly below consensus but within guidance.

Segment Results

Global Wealth Management generated record net revenue of $957 million, up 13% year on year, supported by transactional revenue, net interest income, and asset management revenue. The segment ended the quarter with record total client assets of $580 billion and fee-based assets of $240 billion. The Institutional Group posted its second-strongest second quarter, with revenue of $481 million, up 15% year over year, driven by a 43% increase in investment banking revenue during the first half.

Balance Sheet and Capital

Stifel increased its loan book by $2.6 billion during the quarter, keeping it on pace to achieve its full-year guidance of up to $4 billion in balance sheet growth. Net interest income came in at the higher end of guidance, driven by higher interest-earning assets. The Tier 1 leverage ratio was 11.2%, and the Tier 1 risk-based capital ratio was 17.3%. The company deployed over $500 million in capital through reinvestment, share repurchases, and dividends.

Strategic Outlook

Management remains optimistic about future growth, citing robust investment banking pipelines and strong capital positions. Stifel was ranked number one in Employee Advisor satisfaction by J.D. Power for the fourth consecutive year. The company continues to focus on organic growth, disciplined capital allocation, and the strategic use of AI to enhance productivity and client service.