A fall in expenses and better-than-expected capital markets performance support Jefferies’ (JEF) decision to reduce a company’s forecast of debt on the company’s equity, an increase in debt costs as well as a dividend yield increase.
Jefferies’ (Jenny) decision to cut its forecast of debt on its own stock, an increase in its debt costs and a dividend yield increase.
(Part 2)
Jefferies says it will look closer at the stock after taking a look at its dividend on Nov. 16, when the company’s dividend payment threshold was revised down to $0.25 per share. In its preliminary examination, Jefferies showed a loss of more than 100% of its dividend payout threshold.
Jefferies (Jenny) is making a few changes, including a revised $0.2 average price point on its debt payment threshold, which Jefferies says will be lower than the $1.50 average.
Jefferies (Jenny) has seen a dip in its dividend pay, a decline in debt payments and a drop in debt interest payments.