In a recent press release, Citizens Financial Group, Inc.(NYSE: CFG) announced that its board of directors has declared dividends on its preferred stock.The company is set to pay out a quarterly cash dividend to shareholders of record on December 22, 2023.This news comes amidst the backdrop of Citizens Financial Group Inc’s remarkable stock performance, with an 11.89% increase over the past 7 days.
Citizens Financial Group Inc’s Stock Performance Highlights
Over the past week, Citizens Financial Group Inc’s stock has witnessed a significant surge, gaining 11.89%. This positive trend reflects the growing confidence and interest in the company’s investment options.Additionally, when compared to the previous year, the stock has experienced a strong recovery, increasing by -34.77%. This remarkable turnaround showcases the company’s resilience and ability to adapt to challenging market conditions.
Notably, as of the time of writing, Citizens Financial Group Inc’s stock is currently trading 14.9% above its 52-week low.This indicates the upward trajectory and potential for further growth that investors see in the company’s future.
Declaration of Dividends on Preferred Stock
In the press release, Citizens Financial Group Inc announced the following dividends on its preferred stock, payable on January 8, 2024, to preferred shareholders of record at the close of business on December 22, 2023:
- A quarterly cash dividend of $22.68274833 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B- A quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock
These dividends reflect the commitment of Citizens Financial Group Inc to reward its preferred shareholders.By providing consistent returns to investors, the company solidifies its position as a reliable and attractive investment opportunity.
Conclusion:
Citizens Financial Group Inc’s recent press release announcing the declaration of dividends on its preferred stock highlights the company’s dedication to creating value for its shareholders.In conjunction with the significant surge in stock performance over the past week, this news further solidifies Citizens Financial Group Inc as a strong player in the market.
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