Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Rhea-AI Summary

Citizens Financial Group, Inc. (NYSE: CFG) has declared dividends for its preferred stock, payable on April 6, 2021. Shareholders of record by March 22, 2021, will receive:

• $10.493125 per share for Series A (5.500%)
• $15.9375 per share for Series C (6.375%)
• $15.875 per share ($0.396875 per depositary share) for Series D (6.350%)
• $12.50 per share ($0.3125 per depositary share) for Series E (5.000%)
• $14.125 per share for Series F (5.650%)

With $183.3 billion in assets, Citizens continues to serve a diverse customer base across various banking sectors.

Positive

• Declared multiple quarterly cash dividends, signaling confidence in financial stability and shareholder returns.
• Dividend amounts demonstrate strong cash flow management, potentially enhancing investor interest.

Negative

• None.

Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 6, 2021, to preferred shareholders of record at the close of business on March 22, 2021:

• a quarterly cash dividend of $10.493125 per share on CFG’s 5.500% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A;
• 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; and
• a quarterly cash dividend of $14.125 per share on CFG’s 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $183.3 billion in assets as of December 31, 2020. 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 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. 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.

CFG-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005487/en/

FAQ

What are the dividend amounts for Citizens Financial Group's preferred stock?

The dividend amounts are $10.493125 for Series A, $15.9375 for Series C, $15.875 for Series D, $12.50 for Series E, and $14.125 for Series F.

When will the dividends for CFG be paid?

The dividends will be paid on April 6, 2021.

What is the record date for the CFG dividends?

The record date for the dividends is March 22, 2021.

How does Citizens Financial Group's dividend payout reflect its financial health?

The declared dividends indicate strong cash flow management and a commitment to returning value to shareholders, suggesting overall financial health.