Citizens Financial Group, Inc. Dividends
The next dividend date for Citizens Financial Group, Inc. has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Citizens Financial Group, Inc. (CFG)
More About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States. The company operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and education and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves multi-family, office, industrial, retail, healthcare, and hospitality sectors. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.
Owning Citizens Financial Group, Inc. Stock on the Dividend Date
If you own Citizens Financial Group, Inc. stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Citizens Financial Group, Inc. stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Citizens Financial Group, Inc. stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Citizens Financial Group, Inc. stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Citizens Financial Group, Inc. dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Citizens Financial Group, Inc. Dividends
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