Raymond James (RJF +2.2%) is trading higher this morning after announcing a dividend payout and...

|About: Raymond James Financial Inc. (RJF)|By:, SA News Editor

Raymond James (RJF +2.2%) is trading higher this morning after announcing a dividend payout and combined $75M buyback of stock and senior notes. The company is the latest firm to unveil expanded repurchase programs while its shares are under pressure, having pared 33% off its value since hitting a high in late February.