05:10 PM EST, 12/03/2024 (MT Newswires) -- Raymond James Financial ( RJF ) said late Tuesday its board increased its quarterly cash dividend to $0.50 per share from $0.45.

The dividend is payable Jan. 16 to shareholders of record Jan. 2.

The company's board also authorized a repurchase of up to $1.50 billion of common shares.

Raymond James said that roughly $644 million was remaining under its prior $1.5 billion repurchase authorization as of Tuesday.