Raymond James Financial : declares quarterly dividend and increases securities repurchase authorization

May 21, 2015

ST. PETERSBURG, Fla - The Raymond James Financial, Inc. (NYSE: RJF) Board of Directors on May 21, 2015, declared a quarterly cash dividend on shares of its common stock of $0.18 per share, payable on July 15, 2015, to shareholders of record on July 1, 2015.

The Board also increased to $150 million its repurchase authorization with respect to the company's common stock and Senior Notes due August 2019, April 2016, April 2024 and March 2042, respectively. The repurchases may be made from time to time at the discretion of the Board's Securities Repurchase Committee at prices that the company deems appropriate and subject to market conditions, applicable law and other factors. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise. Prior to today's Board action, there was approximately $49.4 million remaining under the previous repurchase authorization of approximately $75 million announced on August 25, 2011. The Board's authorization does not have a fixed expiration date. The repurchase authorization does not obligate the company to repurchase any dollar amount or number of securities and may be suspended or discontinued at any time.