Citizens Financial Group, Inc. (NYSE:CFG) Plans $0.46 Quarterly Dividend

Citizens Financial Group, Inc. (NYSE:CFGGet Free Report) declared a quarterly dividend on Thursday, April 16th. Stockholders of record on Thursday, April 30th will be given a dividend of 0.46 per share by the bank on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 30th.

Citizens Financial Group has raised its dividend payment by an average of 0.0%annually over the last three years. Citizens Financial Group has a payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Financial Group to earn $4.99 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 36.9%.

Citizens Financial Group Trading Down 1.4%

Shares of Citizens Financial Group stock traded down $0.88 during trading hours on Thursday, reaching $64.31. The stock had a trading volume of 7,467,524 shares, compared to its average volume of 5,289,809. The firm has a 50 day simple moving average of $61.52 and a two-hundred day simple moving average of $57.93. The firm has a market capitalization of $27.33 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.53 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. Citizens Financial Group has a 1 year low of $33.95 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. As a group, equities research analysts anticipate that Citizens Financial Group will post 3.92 earnings per share for the current year.

Key Headlines Impacting Citizens Financial Group

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Citizens Financial Group Company Profile

(Get Free Report)

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

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Dividend History for Citizens Financial Group (NYSE:CFG)

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