Jefferies Financial Group Posts Strong Q4 Earnings and Boosts Dividend Jefferies

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.