Press Release

February 20, 2009

RAYMOND JAMES FINANCIAL BOARD
MAINTAINS QUARTERLY DIVIDEND

ST. PETERSBURG, Fla. – The Raymond James Financial Board of Directors today authorized a quarterly cash dividend on its common shares of $.11 per share, payable April 15 to shareholders of record April 1, 2009. This is the 23rd consecutive year in which Raymond James has paid its shareholders a dividend.

About Raymond James Financial
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 5,000 financial advisors serving approximately 1.9 million accounts in more than 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $170 billion, of which $28 billion are managed by the firm’s asset management subsidiaries.

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For more information, contact Anthea Penrose at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.