Citizens Financial Group's Preferred Stock Dividend Announced

Citizens Financial Group Inc has announced its upcoming quarterly dividend for the Series E preferred shares, expected to affect stock trading dynamics on the ex-dividend date. The report notes the anticipated decline in shares and yield comparisons, which may influence investor decisions.

Date: 18-12-2024

AI Rating: 5

The report discusses the upcoming ex-dividend date for Citizens Financial Group Inc's Series E preferred stock (CFG.PRE), set for 12/20/24. Investors should note that on this date, shares are expected to drop approximately 1.55%, correlating with the dividend payout of $0.3125.

The current yield of 6.17% for CFG.PRE is slightly below the average yield of 6.54% in the financial preferred stock category. Yield comparison could signal to investors that CFG.PRE is less competitive in its segment, possibly affecting buyer interest.

In today's trading session, CFG.PRE has noted a minor decrease of about 0.3%, while the common shares of Citizens Financial (CFG) are reported to be up by 0.8%. This phenomenon may suggest that investors prefer the common stock amidst irregularities in preferred share performance.

Stocks: CFG