Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Rhea-AI Summary

Citizens Financial Group (NYSE: CFG) has declared quarterly dividends on its preferred stock series, payable on January 6, 2025, to shareholders of record as of December 20, 2024. The dividends include: $19.85 per share on Series B, $20.24 on Series C, $12.50 on Series E ($0.31 per depositary share), $14.13 on Series F, $10.00 on Series G, and $18.44 on Series H ($0.46 per depositary share). Citizens Financial Group, with $219.7 billion in assets, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering retail and commercial banking services.

Positive

• Strong asset base of $219.7 billion as of September 30, 2024
• Consistent dividend payments across multiple preferred stock series
• Extensive retail presence with 1,000 branches and 3,100 ATMs

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 January 6, 2025, to preferred shareholders of record at the close of business on December 20, 2024:

• a quarterly cash dividend of $19.85400083 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 $20.24327861 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-For-Life 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 $219.7 billion in assets as of September 30, 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/20241104546051/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 January 6, 2025, to shareholders of record as of December 20, 2024.

What is the dividend amount for Citizens Financial Group's (CFG) Series H preferred stock?

The Series H preferred stock will pay a quarterly cash dividend of $18.4375 per share ($0.46093750 per depositary share).

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.

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

Citizens Financial Group reported total assets of $219.7 billion as of September 30, 2024.