RAYMOND JAMES FINANCIAL INC (RJF) — is the dividend affordable?
Fiscal year ending 2025-09-30 · sector Financials · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 19.2% | The figure most screeners publish. |
Only one basis is shown, and that is the point. Operating and free cash flow swing with loan, deposit and reserve movements, so for a lender or insurer neither says anything about whether the dividend is affordable. Investment income is omitted for a second reason: insurers file it under the same tag a BDC uses, but it means investment income on float rather than the money that funds the distribution. Screeners that publish these for a bank are printing arithmetic, not information — and a wide gap between them is noise, not a finding.
Coverage rating 76 / 100 — Adequate. ? Peer standing 42/50Direction 18/30Stability 17/20
GAAP earnings payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-09-30 | 19.2% |
| 2024-09-30 | 18.4% |
| 2023-09-30 | 20.6% |
| 2022-09-30 | 18.9% |
| 2021-09-30 | 15.6% |
| 2020-09-30 | 25.3% |
Among the 48 financials companies here, 83% pay out a larger share on this basis — this is comfortable for the sector.
The arithmetic
- GAAP earnings — dividends declared per share $1.98 ÷ diluted EPS $10.30
Where the figures came from
- 10-K filed 2025-11-25 · accession
0000720005-25-000093
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.