By Dean Seal
Jefferies Financial Group raised its quarterly dividend by 5 cents, or 14%, to 40 cents a share.
The investment bank said Wednesday the new dividend is payable on Feb. 27 to shareholders of record as of Feb. 14.
On an annualized basis, the new payout is $1.60 a share and represents a yield of about 2% based on Wednesday's closing price of $80.13.
Jefferies last raised its dividend in June, pushing the payout up by 5 cents to 35 cents a share.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 08, 2025 16:47 ET (21:47 GMT)
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