Citizens Financial Group, Inc. (CFG) To Go Ex-Dividend on October 30th

Citizens Financial Group, Inc. (NYSE:CFG) announced a quarterly dividend on Tuesday, October 13th. Investors of record on Friday, October 30th will be given a dividend of $0.52 per share by the bank on Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a 13.0% increase from Citizens Financial Group’s previous quarterly dividend of $0.46.

Citizens Financial Group has a payout ratio of 42.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Group to earn $6.49 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 32.0%.

Citizens Financial Group Stock Performance

NYSE CFG opened at $65.33 on Wednesday. Citizens Financial Group has a one year low of $49.00 and a one year high of $75.33. The company’s 50 day moving average price is $66.82 and its 200 day moving average price is $65.47.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Equities analysts anticipate that Citizens Financial Group will post 5.30 earnings per share for the current year.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.