Jefferies Financial Group Posts Strong Q4 Earnings and Boosts Dividend

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Samiat

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Nov 12, 2024
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Jefferies Financial Group Posts Strong Q4 Earnings and Boosts Dividend​

Jefferies Financial Group delivered robust financial results for the fourth quarter of fiscal 2024, reflecting significant growth in both earnings and revenue. The company also announced a 14% increase in its quarterly dividend, signaling confidence in its future outlook.

Financial Highlights​

  • Earnings Per Share (EPS): Jefferies reported diluted EPS of $0.91, a sharp increase from $0.29 in the same quarter last year. However, this fell slightly short of the $0.97 expected by analysts surveyed by FactSet.
  • Net Revenue: The company recorded $1.96 billion in net revenue for the quarter, a 63% jump from $1.20 billion in the prior year. This exceeded analysts' expectations of $1.83 billion.
  • Net Earnings: Net income attributable to common shareholders surged to $205.7 million, compared to $65.6 million in Q4 2023.

Dividend Update​

The board approved a 14% increase in the quarterly dividend, raising it to $0.40 per share. This dividend will be payable on February 27 to shareholders of record as of February 14.

Market Reaction​

Following the earnings announcement, Jefferies’ shares rose nearly 1% in after-hours trading.

Jefferies' strong performance highlights its resilience and growth potential, positioning the company well for continued success in 2025.
 
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