Citizens Financial declares $0.4063 dividend on Series I preferred shares
Citizens Financial Group declared a $0.4063 dividend on its $400 million non-cumulative perpetual Series I preferred stock, Seeking Alpha reported.
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what happened
Citizens Financial Group, Inc. has declared a dividend of $0.4063 per share on its $400 million non-cumulative perpetual Series I preferred stock, which carries a 6.50% rate. Seeking Alpha reported the announcement.
The securities are callable by the issuer, and their rate resets at set intervals.
why it matters
For the market this is a routine event: the payout amount is known in advance, so it usually has little effect on the bank's common shares or the preferred securities market.
tags
instruments
sources
- Citizens Financial Group, Inc. US$400 mil 6.50% resettable callable Non-Cumulative Perpetual ser I declares $0.4063 dividend — Seeking Alpha, 29 October 2026 at 04:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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