As a public company, Jefferies is as committed to our shareholders as we are to our clients.
Jefferies has not had an unprofitable year in nearly 30 years. Since going public in 1983, total revenues have increased from $85 million to over $1.9 billion in 2006 and our equity market capitalization* has risen from $80 million to over $4 billion. Since listing on the NYSE in 1999, Jefferies stock has appreciated over 300 percent and experienced a compounded annualized return of nearly 16 percent. And over the past five years, our compound annual growth rate of cash dividends per common share is nearly 60 percent.
At Jefferies, we believe that ownership alignment is the best motivator for long-term success. Employee ownership is up significantly in the past five years, with the Jefferies family owning a significant portion of the outstanding equity of the Firm. Through various stock ownership programs, all Jefferies employee-partners are encouraged to take part in the firm that we are building and the value we are creating together.
With nearly every individual at Jefferies being a stock owner, the employee-partners of this company treat the hiring, capital allocation, risk management, cost control and compliance decisions very seriously and personally. We believe that ownership by this group is one of the fundamental reasons why our Firm has thrived in both favorable and challenging times, and has contributed to high staff retention, as well as attracting new partners.
Corporate Profile
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for nearly 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com), a publicly-traded holding company.