Citizens Financial Group Inc (NYSE:CFG) announced a quarterly dividend on Friday, October 16th, RTT News reports. Shareholders 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 annualized dividend and a yield of 5.36%. The ex-dividend date is Tuesday, October 27th.

Citizens Financial Group has raised its dividend by 195.7% over the last three years and has increased its dividend every year for the last 4 years. Citizens Financial Group has a payout ratio of 75.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Citizens Financial Group to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 58.9%.

NYSE:CFG opened at $29.13 on Monday. The company has a market cap of $12.43 billion, a PE ratio of 13.12, a P/E/G ratio of 2.18 and a beta of 1.81. Citizens Financial Group has a twelve month low of $14.12 and a twelve month high of $41.29. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $26.76 and its two-hundred day moving average is $24.49.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 16th. The bank reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Citizens Financial Group had a net margin of 13.04% and a return on equity of 5.30%. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, analysts expect that Citizens Financial Group will post 2.15 EPS for the current fiscal year.

Several analysts have commented on CFG shares. Wedbush cut shares of Citizens Financial Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Citizens Financial Group from $25.50 to $29.50 in a research note on Tuesday, October 6th. Wolfe Research started coverage on shares of Citizens Financial Group in a research note on Friday, July 31st. They set an “underperform” rating for the company. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, August 4th. Finally, ValuEngine cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Citizens Financial Group has a consensus rating of “Hold” and an average target price of $31.96.

Citizens Financial Group Company Profile

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.

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Dividend History for Citizens Financial Group (NYSE:CFG)

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