Citizens Financial Group, Inc. (CFG) to Distribute Quarterly Dividend of $0.46 on August 13th

Citizens Financial Group, Inc. (NYSE:CFGGet Free Report) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Thursday, July 30th will be given a dividend of 0.46 per share by the bank on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 30th.

Citizens Financial Group has increased its dividend payment by an average of 0.0%annually over the last three years. Citizens Financial Group has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Group to earn $6.52 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 28.2%.

Citizens Financial Group Price Performance

NYSE CFG opened at $71.14 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.55 and a beta of 0.67. The business has a 50 day simple moving average of $67.68 and a 200 day simple moving average of $64.13. Citizens Financial Group has a 52-week low of $45.90 and a 52-week high of $74.70.

Citizens Financial Group (NYSE:CFGGet Free Report) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Analysts anticipate that Citizens Financial Group will post 5.3 earnings per share for the current fiscal year.

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.

See Also

Dividend History for Citizens Financial Group (NYSE:CFG)

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