Press Release

Release No. 1106-22
November 29, 2006

RAYMOND JAMES FINANCIAL BOARD
INCREASES DIVIDEND TWENTY-FIVE PERCENT

ST. PETERSBURG, Fla. – The Raymond James Financial Board of Directors Tuesday increased the quarterly dividend on its common shares from $.08 per share to $.10 per share, payable Jan. 17, 2007, to shareholders of record Jan. 2.

“Based on the 42 percent increase in net income for the 2006 fiscal year and the currently benign outlook for fiscal 2007, the board of directors approved a 25 percent increase in the quarterly dividend on common shares,” stated Chairman and CEO Thomas A. James.

Additionally, director Paul Marshall will not be standing for re-election at the shareholders’ meeting due to the company’s corporate governance standards regarding age and length of service of board members.

Finally, the board announced the date for the annual shareholder’s meeting will be Feb. 15, 2007. That meeting will begin at 4:30 p.m. and will be held at the Raymond James Financial Center, the company’s headquarters in St. Petersburg. Shareholders of record as of Dec. 11, 2006, will be eligible to vote.

About Raymond James

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., have more than 4,700 financial advisors serving approximately 1.5 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently over $182 billion, of which approximately $31.8 billion are managed by the firm’s asset management subsidiaries.

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For additional information, please contact Anthea Penrose at 727-567-5283.
Please visit the Raymond James Press Center at raymondjames.com/media.