Citizens Financial Group, Inc. Declares Quarterly Dividend of $0.46 (NYSE:CFG)
by Jessica Moore · The Cerbat GemCitizens Financial Group, Inc. (NYSE:CFG – Get Free Report) announced 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) annualized dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance
Shares of Citizens Financial Group stock opened at $64.31 on Friday. The stock has a market cap of $27.33 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70. The business has a fifty day simple moving average of $61.47 and a 200-day simple moving average of $57.98. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. Citizens Financial Group has a 12 month low of $33.95 and a 12 month high of $68.79.
Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.Citizens Financial Group’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, sell-side analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current fiscal 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.