Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Rhea-AI Summary

Citizens Financial Group (NYSE: CFG) has announced quarterly dividend payments on six series of preferred stock, all payable on April 7, 2025, to shareholders of record as of March 21, 2025. The dividends include:

- Series B (6.000% Fixed-to-Floating): $19.11 per share
- Series C (6.375% Fixed-to-Floating): $19.50 per share
- Series E (5.000% Fixed-Rate): $12.50 per share
- Series F (5.650% Fixed-Rate Reset): $14.13 per share
- Series G (4.000% Fixed-Rate Reset): $10.00 per share
- Series H (7.375% Fixed-Rate): $18.44 per share

The company, headquartered in Providence, Rhode Island, manages $217.5 billion in assets as of December 31, 2024, operating approximately 1,000 branches and 3,100 ATMs across 14 states and DC.

Positive

• Strong asset base of $217.5 billion
• Extensive network of 3,100 ATMs and 1,000 branches
• Consistent dividend payments across multiple preferred stock series

Negative

• None.

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 7, 2025, to preferred shareholders of record at the close of business on March 21, 2025:

• a quarterly cash dividend of $19.11166833 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0);
• a quarterly cash dividend of $19.50094611 per share on CFG’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8);
• a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (CUSIP No. 174610402);
• a quarterly cash dividend of $14.125 per share on CFG’s 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (CUSIP No. 174610AU9);
• a quarterly cash dividend of $10.00 per share on CFG’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G (CUSIP No. 174610BD6); and
• a quarterly cash dividend of $18.4375 per share ($0.46093750 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 7.375% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series H (CUSIP No. 174610600).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.

CFG-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20250212694875/en/

Media: Peter Lucht — 781.655.2289

Investors: Kristin Silberberg — 203.900.6854

Source: Citizens Financial Group, Inc.

FAQ

When will Citizens Financial Group (CFG) pay its next preferred stock dividend?

Citizens Financial Group will pay its next preferred stock dividend on April 7, 2025, to shareholders of record as of March 21, 2025.

What is the dividend amount for CFG's Series H preferred stock?

CFG's Series H preferred stock (7.375% Fixed-Rate) will pay $18.4375 per share, or $0.46093750 per depositary share.

How many preferred stock series does Citizens Financial Group (CFG) currently have?

Citizens Financial Group currently has six preferred stock series: Series B, C, E, F, G, and H, each with different dividend rates.

What is Citizens Financial Group's (CFG) total asset value as of December 2024?

Citizens Financial Group reported total assets of $217.5 billion as of December 31, 2024.

How many branches and ATMs does Citizens Financial Group (CFG) operate?

Citizens Financial Group operates approximately 1,000 branches and 3,100 ATMs across 14 states and the District of Columbia.