Press Release

Release No. 1107-10
Nov. 28, 2007

RAYMOND JAMES FINANCIAL BOARD
INCREASES DIVIDEND AND AUTHORIZED SHARES,
APPOINTS NEW DIRECTOR

ST. PETERSBURG, Fla. – The Raymond James Financial Board of Directors Tuesday increased the quarterly dividend on its common shares from $.10 per share to $.11 per share, payable Jan. 21, 2008, to shareholders of record Jan. 4. This is the 22nd consecutive year in which Raymond James has paid its shareholders a dividend.

The board also approved an amendment to the company’s articles of incorporation, increasing the number of authorized shares of common stock to 350 million from 180 million, which will be submitted for shareholder approval at the firm’s annual meeting on Feb. 14, 2008. The 4:30 p.m. event will be held at the Raymond James Financial Center, the company’s headquarters in St. Petersburg, Fla. Shareholders of record as of Dec. 20, 2007, will be eligible to vote.

Additionally, the board appointed Robert Saltzman, former president and CEO of Jackson National Life Insurance Company until his retirement in 2001, as an independent director.

Saltzman’s 37-year career in the insurance industry included 16 years of service as either the president or CEO for several major companies. He has been a director of WNC First Corporation since November 2004, and served as a director and audit committee chairman of Enhance Financial Services, an NYSE listed company, from 1996 until its acquisition in March 2001. He is a trustee of Northwestern University.

Saltzman has also been selected to serve on the board’s Corporate Governance, Nominating and Compensation Committees. The appointment will be effective immediately and he will stand for re-election at the annual shareholders’ meeting. He is a resident of Scottsdale, Ariz.

Dr. Paul Marshall, a director since 1993, will retire from the board and not stand for re-election at the annual meeting in accordance with term limits in the company’s Corporate Governance Principles.

About Raymond James Financial
Raymond James Financial (NYSE-RJF) is a Florida-based diversifiedholding company providing financial services to individuals, corporations and municipalities through itssubsidiary companies. Its three principal wholly ownedbroker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.have more than 4,750 financial advisors serving 1.6 million accounts in 2,200 locations throughout the United States, Canadaand overseas. In addition, total client assets are approximately $221 billion, of which approximately $38 billion are managed by the firm’s asset management subsidiaries.

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For more information, contact Anthea Penrose at 727-567-2824

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