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CFG Citizens Financial Group dividend history, payout ratio & dates

Citizens Financial Group's last quarterly cash dividend of $0.42 per share was issued to shareholders on record before May 2, 2023. The dividend payment stands at $1.68 per share annually, which equates to a dividend yield of 6.37%.

Key dates

  • CFG last dividend date: May 2, 2023
  • CFG next dividend date: Not announced
CFG dividend stats
DPS
$1.68
Dividend yield
6.05%
Payout ratio
40.2%
vs. Financial Services sector
Dividend yield
3.86%
Payout ratio
32.1%

Dividend yield

What is Citizens Financial Group current dividend yield

Citizens Financial Group's dividend yield of 6.37% is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.86%, Citizens Financial Group's dividend yield is 65% higher. Historically CFG's dividend yield has averaged at 4.0% in the last 5 years, which is less than the current one.

Dividend history

What is CFG dividend payout history and dates

Citizens Financial Group has been paying dividends for the last nine years. According to our records CFG has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 8% for the last twelve months. And with the stock price down by 34% from a year ago, the dividend yield has grown by 63%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 2, 2023 May 17, 2023 Apr 19, 2023 $0.42 normal
Jan 30, 2023 Feb 14, 2023 Jan 13, 2023 $0.42 normal
Nov 1, 2022 Nov 16, 2022 Oct 19, 2022 $0.42 normal
Aug 1, 2022 Aug 16, 2022 Jul 19, 2022 $0.42 normal
May 2, 2022 May 17, 2022 Apr 19, 2022 $0.39 normal
Jan 28, 2022 Feb 11, 2022 Jan 19, 2022 $0.39 normal
Oct 28, 2021 Nov 12, 2021 Oct 20, 2021 $0.39 normal
Jul 29, 2021 Aug 13, 2021 Jul 20, 2021 $0.39 normal
Apr 28, 2021 May 13, 2021 Apr 16, 2021 $0.39 normal
Feb 2, 2021 Feb 17, 2021 Jan 20, 2021 $0.39 normal
Oct 27, 2020 Nov 12, 2020 Oct 14, 2020 $0.39 normal
Jul 28, 2020 Aug 12, 2020 Jul 17, 2020 $0.39 normal
Apr 28, 2020 May 13, 2020 Apr 17, 2020 $0.39 normal
Jan 28, 2020 Feb 12, 2020 Jan 17, 2020 $0.39 normal
Oct 29, 2019 Nov 13, 2019 Oct 18, 2019 $0.36 normal
Jul 30, 2019 Aug 14, 2019 Jul 19, 2019 $0.36 normal
Apr 30, 2019 May 15, 2019 Apr 18, 2019 $0.32 normal
Jan 30, 2019 Feb 14, 2019 Jan 18, 2019 $0.32 normal
Oct 30, 2018 Nov 14, 2018 Oct 19, 2018 $0.27 normal
Jul 31, 2018 Aug 15, 2018 Jul 20, 2018 $0.27 normal
May 1, 2018 May 16, 2018 Apr 18, 2018 $0.22 normal
Jan 31, 2018 Feb 15, 2018 Jan 18, 2018 $0.22 normal
Oct 31, 2017 Nov 15, 2017 Oct 18, 2017 $0.18 normal
Jul 31, 2017 Aug 16, 2017 Jul 21, 2017 $0.18 normal
May 1, 2017 May 17, 2017 Apr 20, 2017 $0.14 normal
Jan 31, 2017 Feb 16, 2017 Jan 19, 2017 $0.14 normal
Oct 31, 2016 Nov 16, 2016 Oct 21, 2016 $0.12 normal
Aug 1, 2016 Aug 17, 2016 Jul 20, 2016 $0.12 normal
May 2, 2016 May 18, 2016 Apr 21, 2016 $0.12 normal
Feb 2, 2016 Feb 18, 2016 Jan 21, 2016 $0.1 normal
Nov 3, 2015 Nov 19, 2015 Oct 22, 2015 $0.1 normal

Citizens Financial Group dividend payout ratio

What is Citizens Financial Group dividend payout ratio compared to the sector

Payout ratio

Citizens Financial Group's payout ratio of 40.2% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 32.1%, Citizens Financial Group's payout ratio is 25% higher.

Total amount of dividends paid per financial year (from cash flow)

CFG dividend vs peer dividends

How does CFG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CFG Citizens Financial Group Inc 6.05% $1.68 40.2%
ZION Zions Bancorporation National Association 5.65% $1.64 28%
CATY Cathay General Bancorp 4.22% $1.36 26.3%
IBOC International Bancshares Corp 2.66% $1.23 22%

Frequently asked questions

Does Citizens Financial Group pay a dividend?

Yes, Citizens Financial Group has been paying dividends for the last nine years.

When is Citizens Financial Group's next dividend?

CFG hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in August 2023.

When was CFG's last dividend?

Citizens Financial Group's last regular dividend was on May 2, 2023 (ex-date) with the amount of $0.42 per share.

How much dividend does Citizens Financial Group pay (per share)?

CFG's annualized dividend per share is $1.68.

What is Citizens Financial Group's dividend yield?

Currently Citizens Financial Group's dividend yield is 6.37%.

How often does Citizens Financial Group pay dividends?

Citizens Financial Group pays dividends quarterly.

What is Citizens Financial Group's dividend payout ratio?

The dividend payout ratio of Citizens Financial Group is 40.2%.

Does Citizens Financial Group pay a good dividend?

Citizens Financial Group's dividend yield is more than the Financial Services sector average.