Insight into Citizens Financial Group Preferred Stock Dividend Trends

Citizens Financial Group Inc’s Ex-Dividend Date Approaching

Sharing is caring, and Citizens Financial Group Inc’s 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: CFG.PRE) is getting ready to share a slice of its profits. On 3/21/24, this security will go ex-dividend, offering investors a quarterly dividend of $0.3125 per share. But before you start counting your chickens, remember that this dividend represents around 1.46% of the stock’s recent price of $21.41. So, come 3/21/24, expect to see CFG.PRE trading approximately 1.46% lower. Par for the course.

Zooming out, on an annualized basis, CFG.PRE’s yield sits at about 5.84%. Not shabby, right? Yet, let’s put this in context. Within the “Financial” preferred stock arena, the average yield clocks in at a heartier 6.69%, as per the stats from Preferred Stock Channel. Numbers don’t lie, but they can deceive, so tread carefully in the garden of dividends.

Watching the Performance Dance: CFG.PRE vs. CFG

Don’t just take our word for it. Let the charts do the talking. Behold the performance showdown between CFG.PRE shares and CFG common shares over the past year. A picture’s worth a thousand words.

Unveiling Historical Dividends

Consider yourself a history buff? Feast your eyes on this dividend history chart for CFG.PRE. Look back in awe at the payouts leading up to the recent $0.3125 dividend on Citizens Financial Group Inc’s 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E.

A Glimpse at Tuesday’s Market Moves

Time for the play-by-play. In Tuesday’s trading session, Citizens Financial Group Inc’s 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: CFG.PRE) stood its ground, trading flat. However, in the bustling stock market arena, the common shares (Symbol: CFG) dipped about 0.1%. The show must go on.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.