Investor Relations Shareholder Information Stock Split History Stock Split History On August 24, 2021, the Board of Directors of Raymond James Financial, Inc. (Raymond James) approved a 3-for-2 stock split with respect to its common stock (RJF stock). The stock split will be effected in the form of a 50% stock dividend payable on September 21, 2021 (Distribution Date), to holders of record as of September 9, 2021 (Record Date). Record Date Distribution Date Type 4/5/1991 4/19/1991 3-for-2 stock split 1/13/1992 2/3/1992 3-for-2 stock split 10/25/1993 11/15/1993 3-for-2 stock split 3/7/1997 4/3/1997 3-for-2 stock split 3/10/1998 4/2/1998 3-for-2 stock split 3/4/2004 3/24/2004 3-for-2 stock split 3/8/2006 3/22/2006 3-for-2 stock split 9/9/2021 9/21/2021 3-for-2 stock split FAQs What is a stock split? In a 3-for-2 stock split, on the Distribution Date each shareholder receives one additional share of stock for every two shares that he or she holds as of the Record Date. (In other words, after the split the shareholder will hold three shares for every two shares held before the split.) As a result, the total number of the company’s issued shares will increase by half, and the price at which each share of the stock trades is expected to be reduced by approximately one-third. In cases where applying the split would result in fractional shares, Raymond James shareholders will be paid such value in cash (cash-in-lieu) and the amount of such cash will be set based on the stock’s closing price one business day prior to the Distribution Date. Why did Raymond James’ Board of Directors authorize a stock split? The decision to split the stock was made based on a desire to maintain market price and liquidity levels in our stock that are attractive to a broad range of investors. Has Raymond James stock ever split before? Yes. This marks the eighth stock split since going public in 1983. How does a 3-for-2 stock split actually work? A 3-for-2 split means that one additional share of stock is issued for every two shares in existence on the Record Date. For example, assuming you own 200 shares of RJF stock on the Record Date and the market price is $120 per share, the total value of your holdings is $24,000 (200 shares x $120 per share). After the stock split, you would own 300 shares of RJF stock initially trading at a market price of $80 per share. Thus, the dollar value of your total investment would remain the same at $24,000, until the stock price moves up or down in response to normal market forces. When is the stock split effective? There are several key dates to be aware of: – Shareholders at the close of business on this date are entitled to receive additional shares due to the split. Therefore, if you own common shares on the record date, your shares will be subject to the stock split. The Record Date is September 9, 2021. (sometimes referred to as “Payment Date”) – This is the date on which the “new” split shares will be distributed to shareholders who held RJF stock on the Record Date. The Distribution Date is September 21, 2021. –The ex-dividend date is the first day that RJF stock will trade on a post-split basis at a post-split (adjusted) price. The NYSE has advised that it has set September 22, 2021 as the ex-dividend date. What happens if I sell or buy shares on or after the Record Date? If you shares on or after the Record Date (September 9, 2021) but before the Ex-Dividend Date (September 22, 2021), you will be selling them at the pre-split price. At the time of the sale, you will surrender your pre-split shares and will no longer be entitled to receive the new split shares. The new owner of the shares will become entitled to receive the additional shares resulting from the stock split. If you shares on or after the Record Date but before the Ex-Dividend Date, you will purchase the shares at the pre-split price and your brokerage account will be credited with the shares purchased. Following the stock split, your brokerage account will be credited with the additional shares resulting from the split. When will the stock begin trading at its split price on the NYSE? The NYSE has advised that it has set September 22, 2021, as the ex-dividend date. The ex-dividend date is the first day that RJF stock will trade on a post-split basis at a post-split (adjusted) price. How will I receive my additional shares of Raymond James stock? No stock certificates will be issued for the additional shares resulting from the split. If you currently hold your shares in a regular brokerage account (book entry form), the additional shares will be automatically deposited into your brokerage account. If you currently hold paper certificates for your shares, the additional shares you will receive as a result of the split will nevertheless be distributed in book entry form through the Direct Registration System (DRS). This means that you will have full ownership of your new shares without the responsibility of holding the actual certificates. A Direct Registration Transaction Advice (DRTA) will be mailed to you by Computershare, our registrar and transfer agent, and this will constitute your confirmation; it indicates the number of additional shares you own as a result of the split. Keep it with your existing stock certificates and other important documents as a record of your ownership. What should I do with my existing stock certificate(s)? Your existing certificates are still valid. As noted above, the new shares resulting from the split will be deposited in your name solely in book entry form at Computershare. Statements reflecting the deposit will be mailed to you by Computershare, beginning approximately 7-10 days after the Distribution Date. Your physical stock certificates should be kept in a safe place, such as a safety deposit box, as they are valuable documents. If you no longer want to hold the physical certificates and would like for your new split shares and your certificated shares to be held together, please contact Computershare, our registrar and transfer agent, or your broker, and they can help you deposit those certificates in your account. Holding shares in book entry form means that you have full ownership of your shares without the responsibility of holding the actual certificates. Do the shares I receive from the stock split result in taxable income? Under current law, for United States federal income tax purposes, the receipt of split shares of common stock as a result of this stock split should generally not result in any taxable income, gain or loss to shareholders. Further, immediately after the stock split, the per-share tax basis of all shares of common stock held by a shareholder will be the basis in the original shares allocated equally to the original shares and the split shares. For example, if you own 200 shares of Raymond James common stock before the split, with a tax basis of $60 per share, after the split you will own 300 shares of Raymond James stock with a tax basis of $40 per share. Finally, the split shares will be deemed to have been acquired at the same time as the original shares with respect to which the new shares were issued. Cash distributed in lieu of fractional shares may be taxable. Consult your tax advisor regarding your personal situation. The laws of jurisdictions other than that of the United States may impose taxes on the receipt of split shares. Raymond James shareholders outside the U.S. should consult with their local tax advisor on the tax consequences of the stock split in their particular jurisdictions. How do I contact Computershare? You can reach them at the mailing address, web address or phone number below: Computershare P.O. Box 505000 Louisville, KY, 40233-5000 800.837.7596 Investor Relations News Alerts Receive timely Raymond James news and press releases Sign Up About Us Careers Investor Relations News & Media Contact Us Legal Disclosures Privacy, Security & Account Protection Terms of Use Equal Opportunity Employer © 2021 Raymond James Financial, Inc. All rights reserved. Raymond James & Associates, Inc., member New York Stock Exchange / SIPC, and Raymond James Financial Services, Inc., member FINRA / SIPC, are subsidiaries of Raymond James Financial, Inc. Raymond James® and Raymond James Financial® are registered trademarks of Raymond James Financial, Inc. Raymond James & Associates, Inc. Statement of Financial Condition