Citizens Financial dividend – Citizens Financial Group Declares 0.42 Cash Dividend

🌥️Dividends Yield

Citizens Financial ($NYSE:CFG) Group Inc. declared a cash dividend of 0.42 USD to its shareholders on May 26, 2023. This dividend comes as a continuation of their dividend policy, with the past three years having paid out an annual dividend per share of 1.65, 1.62 and 1.56 USD. The dividend yields of these three years have been 4.16%, 3.76% and 3.53% respectively, giving an average dividend yield of 3.82%. If you are looking for dividend stocks, then CITIZENS FINANCIAL might be the right choice for you, with an ex-dividend date of May 2, 2023.

This means that the holders as of this date are entitled to the dividend payments, however those who buy after this date will not receive the payments. It is worthwhile to note that when investing in dividend stocks, there are certain risks associated, including potential changes in dividend payments due to market conditions or other factors. Thus, it’s important to consider all aspects before investing in CITIZENS FINANCIAL Group Inc.

Price History

On Friday, the stock opened at $26.8 and closed at $27.0, up by 0.6% from its previous closing price of 26.8. This announcement of the dividend is a positive sign for the company and its investors as it will further strengthen its financial position. This news has been well received by investors and is expected to boost the market sentiment. Furthermore, this dividend announcement indicates the company’s confidence in its ability to generate sufficient cash flows to support its future growth potential. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Citizens Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Citizens Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Citizens Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Citizens Financial are shown below. More…

Analysis – Citizens Financial Intrinsic Value

At GoodWhale, we conducted an analysis of CITIZENS FINANCIAL‘s financials. After careful consideration of the company’s performance and growth over time, our proprietary Valuation Line indicated that the fair value of CITIZENS FINANCIAL share is around $43.6. Interestingly, CITIZENS FINANCIAL stock is currently trading at $27.0, which is significantly below our fair value estimate—undervalued by 38.0%. This presents an opportunity for investors to buy CITIZENS FINANCIAL stock at a discounted rate. More…

Peers

In recent years, the banking industry has become increasingly competitive. This is especially true for regional banks, which are facing increased competition from larger banks as well as online-only banks. Citizens Financial Group is one of the largest regional banks in the United States, with over $150 billion in assets. The company operates in more than 20 states and has over 1,200 branches. Its main competitors are NBT Bancorp, Keiyo Bank, and Southern Missouri Bancorp. All three of these banks are smaller than Citizens, but they have been growing rapidly in recent years.

– NBT Bancorp Inc ($NASDAQ:NBTB)

NBT Bancorp Inc. is a financial holding company that operates through its subsidiaries, which include NBT Bank, NBT Insurance Agency, and Penn Square Partners. The company has a market capitalization of $1.84 billion as of 2022. NBT Bancorp is headquartered in Norwich, New York and has more than 160 branches across upstate New York, northwestern Vermont, western Massachusetts, and northeastern Pennsylvania. The company’s primary business activities include commercial banking, retail banking, and asset management.

– Keiyo Bank Ltd ($TSE:8544)

Keiyo Bank Ltd is a Japanese bank with a market cap of 62.52B as of 2022. The company has over 2,000 branches and provides banking services to individuals and businesses. Services include savings and checking accounts, loans, credit cards, and investment products.

– Southern Missouri Bancorp Inc ($NASDAQ:SMBC)

Southern Missouri Bancorp Inc is a bank holding company that operates through its subsidiary, Southern Bank. The company offers a range of banking services to clients in Missouri, Arkansas, and Tennessee. As of 2022, the company had a market cap of 499 million dollars.

Summary

Investing in CITIZENS FINANCIAL can be a beneficial decision due to its attractive dividend yields. Over the past three years, the company has paid out an annual dividend per share of 1.65, 1.62 and 1.56 USD, representing a dividend yield of 4.16%, 3.76% and 3.53%, respectively. The average dividend yield for 2021-2023 stands at 3.82%, indicating a steady income stream for shareholders. As such, CITIZENS FINANCIAL is a good option for investors seeking steady returns with a competitive dividend yield.