Raymond James Financial announced it added Gordon L. Johnson to its board as an independent director.

He is president of Highway Safety Devices Inc., a 150-employee company that installs and repairs signalization, guardrails, signage and street lighting related to municipal roadway projects. By adding him to the board it now has 11 members.

The St. Petersburg, Fla., company also announced Wednesday a quarterly cash dividend on its common shares of 11 cents per share, payable Oct. 15, to shareholders of record on Oct. 1. This marks the 25th consecutive year in which Raymond James has paid its shareholders a dividend.

Johnson has served on the Raymond James Bank board of directors since May 2007. He has been a bank manager and executive for 23 years, including 20 with Bank of America Corp. and its predecessors, and was the CEO of financial buyout firm Stonegate Partners LLC from 2002 to 2004.

Johnson also has been appointed to serve on the board’s corporate governance, nominating and compensation committees. The election is effective immediately and he will stand for re-election at the annual shareholders’ meeting.