Citizens Financial Group: Dividend Insights
Portfolio Pulse from Benzinga Insights
Citizens Financial Group (NYSE:CFG) has announced a quarterly dividend of 42 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 42 cents lower. Shareholders who own CFG as of the end of Monday's session will be eligible for the dividend, which will be paid out on November 15, 2023.
October 26, 2023 | 2:45 pm
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Citizens Financial Group's announcement of a 42 cents per share dividend may cause the stock to open lower on Tuesday. However, this is a regular part of the dividend process and is not indicative of any underlying issues with the company.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard process and does not reflect negatively on the company. Shareholders as of the end of Monday's session will receive the dividend, providing them with a return on their investment.
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