EARNINGS PER SHARE (Tables)

12 Months Ended

Sep. 30, 2020

The following table presents the computation of basic and diluted earnings per common share.


	Year ended September 30,
$ in millions, except per share amounts	2020		2019		2018
Income for basic earnings per common share:
Net income	$	818	$	1,034	$	857
Less allocation of earnings and dividends to participating securities	(1)		(2)		(1)
Net income attributable to RJF common shareholders	$	817	$	1,032	$	856
Income for diluted earnings per common share:
Net income	$	818	$	1,034	$	857
Less allocation of earnings and dividends to participating securities	(1)		(2)		(1)
Net income attributable to RJF common shareholders	$	817	$	1,032	$	856
Common shares:
Average common shares in basic computation	137.6		141.0		145.3
Dilutive effect of outstanding stock options and certain RSUs	2.6		3.0		3.5
Average common shares used in diluted computation	140.2		144.0		148.8
Earnings per common share:
Basic	$	5.94	$	7.32	$	5.89
Diluted	$	5.83	$	7.17	$	5.75
Stock options and certain RSUs excluded from weighted-average diluted common shares because their effect would be antidilutive	1.6		0.4		0.5

Dividends per common share declared and paid are detailed in the following table for each respective period.


	Year ended September 30,
	2020		2019		2018
Dividends per common share - declared	$	1.48	$	1.36	$	1.10
Dividends per common share - paid	$	1.45	$	1.32	$	1.02