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Citizens Financial Group, Inc. Declares Dividends on Preferred Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Citizens Financial Group (NYSE: CFG) announced the declaration of dividends on its preferred stock, payable on July 6, 2022. Notable dividends include a semi-annual cash dividend of $30.00 per share on Series B and quarterly dividends of $15.9375 on Series C, $15.875 on Series D, $12.50 on Series E, $14.125 on Series F, and $10.00 on Series G. Shareholders of record as of June 21, 2022 will be eligible for these payments.
Positive
Declaration of dividends on preferred stock demonstrates financial stability.
Total dividend amounts will provide income for preferred shareholders.
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 July 6, 2022, to preferred shareholders of record at the close of business on June 21, 2022:
a semi-annual cash dividend of $30.00 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B;
a quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C;
a quarterly cash dividend of $15.875 per share ($0.396875 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D;
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;
a quarterly cash dividend of $14.125 per share on CFG’s 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F; and
a quarterly cash dividend of $10.00 per share on CFG’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $192.1 billion in assets as of March 31, 2022. 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 approximately 1,200 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 Twitter, LinkedIn or Facebook.
Media: Peter Lucht — 781.655.2289
Investors: Kristin Silberberg — 203.900.6854
Source: Citizens Financial Group, Inc.
FAQ
What is the dividend payment date for CFG preferred shares?
The dividend payment date for CFG preferred shares is July 6, 2022.
What are the dividend amounts for CFG's preferred stock Series B to G?
The dividends are $30.00 for Series B, $15.9375 for Series C, $15.875 for Series D, $12.50 for Series E, $14.125 for Series F, and $10.00 for Series G.
When is the record date for the CFG preferred stock dividends?
The record date for the CFG preferred stock dividends is June 21, 2022.
How frequently are dividends paid on CFG's preferred stock?
Dividends on Series B are paid semi-annually, while all other series have quarterly payments.
What impact do CFG's dividends have on shareholders?
The dividends provide a steady income source for shareholders, reflecting the company's financial health.
