|
Featured MNV Articles:
| Citizens Financial Group Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E Goes Ex-Dividend SoonBy Preferred Stock Channel Staff, Tuesday, March 19, 1:31 PM ET
On 3/21/24, Citizens Financial Group Inc's 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CFG.PRE) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 4/8/24. As a percentage of CFG.PRE's recent share price of $21.41, this dividend works out to approximately 1.46%, so look for shares of CFG.PRE to trade 1.46% lower — all else being equal — when CFG.PRE shares open for trading on 3/21/24. On an annualized basis, the current yield is approximately 5.84%, which compares to an average yield of 6.69% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, CFG.PRE was trading at a 14.36% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of CFG.PRE shares, versus CFG:
Below is a dividend history chart for CFG.PRE, showing historical dividends prior to the most recent $0.3125 on Citizens Financial Group Inc's 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Tuesday trading, Citizens Financial Group Inc's 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CFG.PRE) is currently trading flat on the day, while the common shares (NYSE:CFG) are down about 0.1%.
This Article's Word Cloud:
Arial
Below
Channel
Citizens
Cumulative
Dividend
Financial
Fixed
Going
Group
Investors
NYSE
Newsletter
Offer
Perpetual
Preferred
Premium
Rate
Receive
Series
Special
Start
Stock
Stocks
Tuesday
about
according
afterLeftLabels
afternoon
amount
annualized
approximately
average
axisColor
background
chart
common
dividend
dividends
escape
fillColor
mdash
missed
preferred
recent
shares
that
trade
trading
yield
|