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

Citizens Financial Group, Inc. (NYSE:CFG) announced a quarterly dividend on Friday, July 17th. Shareholders 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) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, July 30th.

Citizens Financial Group has raised its dividend payment by an average of 0.0%per year over the last three years. Citizens Financial Group has a dividend payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Financial Group to earn $6.43 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 28.6%.

Citizens Financial Group Price Performance

CFG opened at $74.28 on Friday. Citizens Financial Group has a 52-week low of $45.90 and a 52-week high of $74.70. The company has a 50 day moving average of $66.25 and a two-hundred day moving average of $63.53. The company has a market cap of $31.41 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.59 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. On average, analysts expect that Citizens Financial Group will post 5.22 earnings per share for the current year.

About Citizens Financial Group

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.