Citizens Financial Group Inc Declares Quarterly Dividend of $0.39 (NYSE:CFG)

Citizens Financial Group Inc (NYSE:CFG) announced a quarterly dividend on Friday, October 16th, RTT News reports. Investors of record on Wednesday, October 28th will be given a dividend of 0.39 per share by the bank on Thursday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.86%.

Citizens Financial Group has increased its dividend by 195.7% over the last three years and has raised its dividend annually for the last 4 consecutive years.

CFG opened at $26.61 on Friday. Citizens Financial Group has a fifty-two week low of $14.12 and a fifty-two week high of $41.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 2.37 and a beta of 1.81. The firm has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $24.17.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Citizens Financial Group had a return on equity of 5.85% and a net margin of 14.58%. During the same quarter last year, the firm earned $0.97 EPS. As a group, analysts expect that Citizens Financial Group will post 2.09 EPS for the current year.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Citizens Financial Group from $25.50 to $29.50 in a report on Tuesday, October 6th. ValuEngine lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Royal Bank of Canada reduced their target price on Citizens Financial Group from $35.00 to $29.00 in a report on Wednesday, July 1st. Bank of America lifted their price target on Citizens Financial Group from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, Wedbush downgraded Citizens Financial Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.96.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Further Reading: The Role of a Fiduciary and Individual Investors

Dividend History for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with's FREE daily email newsletter.