Stifel Financial Corp is considering paying out its first dividend because it generates "so much cash" even as it invests in its retail brokerage and investment banking businesses, Chief Executive Ron Kruszewski said Wednesday. Speaking at a conference sponsored by Keefe, Bruyette & Woods, an investment bank Stifel bought in 2013 that specializes in banks and thrift companies, Kruszewski said his St. Louis-based company resisted paying a dividend in the past out of fear of conveying the impression that it had no ways to spend its cash on acquisitions or other business investing.
Stifel Financial Corp. is a financial holding company. Shares of SF fell by 1.95% or $-0.91/share to $45.77. In the past year, the shares have traded as low as $41.47 and as high as $51.59. On average, 312812 shares of SF exchange hands on a given day and today's volume is recorded at 43622.
Stanfield Funds Management Limited (Stanfield) is an Australia-based company. Shares of SFN remained unchanged at $25.80. In the past year, the shares have traded as low as $24.66 and as high as $27.49. On average, 10294 shares of SFN exchange hands on a given day and today's volume is recorded at 27.
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