Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Rhea-AI Summary

Citizens Financial Group (NYSE: CFG) has declared dividends on its preferred stock, payable on October 7, 2024, to shareholders of record as of September 20, 2024. The dividends cover six series of preferred stock, with quarterly cash dividends ranging from $10.00 to $27.24652778 per share. CFG, one of the nation's oldest and largest financial institutions, reported $219.9 billion in assets as of June 30, 2024. The company offers a wide range of retail and commercial banking products and services, with a presence in 14 states and the District of Columbia, including approximately 3,300 ATMs and over 1,000 branches.

Positive

• Declared dividends on six series of preferred stock, indicating financial stability
• Substantial asset base of $219.9 billion as of June 30, 2024
• Extensive network of approximately 3,300 ATMs and over 1,000 branches across 14 states and D.C.

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 October 7, 2024, to preferred shareholders of record at the close of business on September 20, 2024:

• a quarterly cash dividend of $21.68547694 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 $22.07475472 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 $ 27.24652778 per share ($0.6811631944 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 $219.9 billion in assets as of June 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 3,300 ATMs and more than 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/20240821958592/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 (CFG) will pay its next preferred stock dividend on October 7, 2024, to shareholders of record as of September 20, 2024.

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

CFG's 7.375% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series H, will pay a quarterly cash dividend of $27.24652778 per share ($0.6811631944 per depositary share).

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

Citizens Financial Group (CFG) operates approximately 3,300 ATMs and more than 1,000 branches across 14 states and the District of Columbia.

What was Citizens Financial Group's (CFG) total asset value as of June 30, 2024?

Citizens Financial Group (CFG) reported total assets of $219.9 billion as of June 30, 2024.